StudentShare solutions
Triangle menu

Society 2 - Assignment Example

Nobody downloaded yet

Extract of sample
Society 2

It has made some unexpected communication processes possible and quicker at the same time. The purpose of this essay is to discuss and analyze NFC and mobile payment technology. Moreover, this paper will also discuss the societal and cultural impacts of NFC and Mobile payment technology. Figure 1: Life with NFC technology (Rackley, 2011) Understanding the New Trends; NFC and Mobile Payments: Saving time and labor, these new shifts in communication technology have helped the mankind in every possible way. However, it has set new trends in this world as well. Processes, which used to take weeks and months, are now just a click and touch away. Near Field Communication generally known as NFC is a kind of application or a standardized setting in the smart phones and all other similar devices such as tablets, iPads etc. The basic purpose of NFC is to set up a radio communication between smart phones or others devices by bringing them in touch with each other or at least in close immediacy depending on the requirements of the device. Once the connection has been established, a lot of tasks can be performed through it, such as contactless transactions, exchange of data / information, or a set up of multifaceted communications e.g. Wi-Fi. The communication can also be established between a NFC device and a powered off NFC chip (tag) (Coskun, Ok, & Ozdenizci, 2011). Figure 2: Image showing the working of NFC (Coskun, Ok, & Ozdenizci, 2011). With the growing technology, the payment methods are also made easy and simplified. All kinds of payments from utility to the bank and other financial payments are now on your fingertips. Mobile payment is a term which is used for the payments of different things through the smart phones. It is also known as mobile money, mobile money transfer or mobile wallet. It was a long time back when people used to carry bundles of cash and brief cases with them in order to make payments. With this technology this technique has almost diminished. At present a majority of people prefer paying through their mobiles for a variety of services. Instead of paying cash or cheque, they use their phones (Saylor, 2013). Trends: These new technologies have captured almost every country and have set new trends for the payments and transfer methods. According to the financial survey, the combined amount of mobile payments which were made by 2013 has reached $600 Billion globally. This amount is almost the double of what it was in the February of 2011 stating that the adoption toward the technology is increasing enormously. With the rise in smart electronic devices and the smart and catchy internet deals and the revival of Internet IPO it is believed that 2011 was the most transformative year in terms of technology (Schwartz, 2011). Impacts on Society and Culture: Talking about the societal trends regarding NFC and mobile marketing then according to an article published by CNN 2012 has been claimed as the year of NFC and mobile marketing (Cashmore, 2011). It was also claimed that the mobile payments and NFC will expand and blossom more in 2013. This defines that the adoption of the trend is growing largely in the world and people are becoming more inclined towards the technology. New methods and techniques are continuously evolving by the technology makers this year following the boom and success of NFC and mobile payments. People in developed countries are more likely to be influenced of the technology while it is ...Show more


NFC and Mobile Payment Technology [Course] NFC and Mobile Payment Technology Introduction: If the graph of technology in the past few decades is noticed then it can easily be noted that its growth has been very swift and rapid…
Author : ernserlenora
Society 2 essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the assignment on your topic
"Society 2"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Discussion 1: Accounting and Society, and Discussion 2: Financial Accounting Information
It is imperative for the investor community to trust the accounting work presented in the financial statements of public corporations. There are thousands of businesses in America that depend on accountants to keep track of the financial records of the companies.
1 pages (250 words) Assignment
Biology 2 (plant and society)a
The sago palm has been a source of starch for peoples in Southeast Asia, southwestern pacific, and in the equatorial regions of South America. It has been a staple food product in these regions for generations, as well as, incorporated into building materials in certain areas.
3 pages (750 words) Assignment
As will be described and demonstrated by using various diagrams, the steam engine was one of the first hi-tech inventions in the history of science, and was triggered by the industrial needs of the society. The work was done in parts, that is, each inventor did a bit of the work, and it was thereafter continually improved by the next inventor until the now known steam engine came into being.
8 pages (2000 words) Assignment
Society / Ethics
Current issues regarding business and professional ethics are discussed. As much as an organization invests and puts in effort to advance in profits, it has been highlighted that there is a need for any organization to consider its relationship with the society.
8 pages (2000 words) Assignment
U.S. Sports and Society
U.S. Sports and Society In modern times, people from minority races face many types of separation via social division, which result in their being treated differently from those of majority races. This discrimination is not only found in the neighborhoods but also at work and at school (Anderson 3).
6 pages (1500 words) Assignment
Ecology and Society
However, there is no commonly accepted mechanism for managing natural resources in a better way and thereby promoting long term sustainability of the environment. Throughout the article, the authors try to
2 pages (500 words) Assignment
Information technology and society
This issue has an impact on me and others positively through provision of effective means of communication and skills necessary for survival and work in modern contemporary living. Education promotes growth in any
2 pages (500 words) Assignment
Women and society
I also agree that the media has perpetuated gender inequality especially with the women being marginalized in the news and shown only in the context of the home and entertainment (Kirk & Okazawa-Rey 61). In The Social Construction of Gender I would not agree more that
1 pages (250 words) Assignment
Women and Society
The part on Why Privilege Marriage?, begs the question on the contributions of marriage promotion movements in the marriage institution. The rising divorces cases as Kirk & Okazawa-Rey write are indeed alarming. What could be done to
1 pages (250 words) Assignment
Woman and society
In the Excerpt from Orange is the New Black, TBA, I agree that Black women indeed suffer in the prisons especially resulting from the perception of their being of a Black culture while in Barriers to Basic
1 pages (250 words) Assignment
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Click to create a comment
Contact Us