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+ - Visa rolles out NFC Payment in Malaysia

Submitted by x_IamSpartacus_x
x_IamSpartacus_x writes: PC World is reporting that Visa has launched its first commercial mobile payments service for point-of-sale transactions using NFC (Near Field Communications) technology. The service is available in Malaysia, and allows users to pay for goods by waving their NFC-enabled Nokia 6212 classic handset in front of a contactless reader.
While this is just in Malaysia, Wells Fargo is testing a related pay-by-phone system with Visa for the USA. Is this the rise of faster and more convenient transactions, or a new way to lose your phone and money all in one fell swoop?
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Visa rolles out NFC Payment in Malaysia

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