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On December 1, Samsung Electronics Co. announced first near field communication (NFC) chip with embedded flash memory.
Vice president of DDI and C&M marketing, System LSI Division, Samsung Electronics, Tae-Hoon Kim said that NFC is an easy and effective way to transmit encrypted information between mobile devices or between mobile devices and other stationary NFC-enabled devices such as kiosks. NFC can be also used as smartcard for transportation and mobile banking payments.Reference: Phandroid.com
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