Nokia 6131 NFC phone pays for itself

A new technology known as Near Field Communications or NFC, allows you to make payments and share information. NFC is similar to RFID, or Radio Frequency Identification, but only works at close range.

Nokia has integrated this technology into a new cell model, the 6131 NFC phone, which works like MasterCard's Pay Pass. Proximity Payment.

Because you have to get so close to use them, these NFC readers operate like the smart ID cards we carry to read the scanners at the front door of your business or the gate at your apartment. Even more security can be added, in the form of a simple code that has to be input at the time of the transaction.

Nokia showed this off last week at CES. It sounds like a great idea. The new technology can also be used to read NFC enabled business cards and scan the information to your contacts, or scan in a phone number from an advertisment. The phone maker is testing the new system with both Visa and MasterCard, but don't expect to see this phone in the US for some time.
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