As a result, Merchant360’s new NFC stack is set to allow for the sharing of the integrated contactless reader between multiple applications on a terminal and the clearing of NFC messages directed at specific applications. The service from Merchant360 is expected to allow for remote updating of the device when new NFC applications and formats are released.
In addition, Merchant360 has signed a customer for its NFC stack, namely US electronic payment services company VeriFone Systems. Thus, VeriFone has licensed the Merchant360s payment terminal NFC stack and is expected to start delivering it in May 2011.
Merchant360 is currently in talks with other hardware manufacturers about integrating its NFC stack.
In November 2010 , Merchant360 has entered a partnership with US mobile ‘tap and go’ payment services provider Bling Nation, in order to support the latter’s mobile technology platform.
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