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Originally posted on Gigaom:
London’s Underground metro may have recently introduced Wi-Fi and extra 3G capacity in time for this month’s Olympic Games – but mobile payments remain some way down the track.
“We have carried out tests on NFC in both 2008 and 2010,” Transport for London customer experience director Shashi Verma told GigaOM.
“Unfortunately, during both of these tests, we found that the technology was not fast enough to complete the transaction in under 500 milliseconds, which we would require.
“The concerns are only around NFC technology and not EMV. We are keen to see any progress the industry can make in this area.”