Ultrasound Technology Offers Omnipresent Alternative to NFC [22Jun11] - 1 views
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Zoosh is a new technology that brings NFC-like payments to any phone with a speaker — i.e. every smartphone on the market.
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Using the almost-inaudible 20,000KHz range — which almost every cell phone speaker is capable of — Zoosh technology can then send data to a receiving microphone. The end point can either be a point of sale — a shop, a ticket machine — or it can be another mobile phone. Apparently the technology has been successfully used in noisy environments — and it’s also fairly safe to assume that a technology like Zoosh would be designed to incorporate as much redundancy and error checking as possible.
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Narrate, the company behind Zoosh, envisions two main use cases for its ultrasonic payment system. The first is just like Google Wallet: for $30 — a third of the price of NFC hardware — Narrate says that points of sale can be upgraded to accept Zoosh payments.
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Furthermore, the Financial Times is reporting that PayPal is interested in Zoosh — and it’s easy to see why.