UK bank Lloyds trials NFC for simpler account authorization on your mobile

Lloyds_banking
Lloyds Bank in the UK is running a small trial to see if it can speed up the regristration process for mobile banking through use of ‘tap to transfer’ near field communications technology. Instead of receiving a phone call when setting up the mobile banking app, people in the trial can authenticate their info by tapping their debit card against their contactless-enabled phone. So far, only 125 people are registered in the trial. While it’s only now being used for verifying identity during set-up, it’s easy to see it being expanded to authorizing other changes, payments and account activity. Recently, Lloyds changed…

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