“The Next Great Payment Revolution” — the Motley Fool’s NFC Stock is …

Motley Fool's Secret "Your Credit Card is Dead" Stock

Seems like I’m seeing a lot more of David Gardner over the last month than I had for ages — he’s the growth-focused half of the Motley Fool brothers, and this time around the pitch is for his “aggressive growth” newsletter Rule Breakers. This letter has brought us a lot of interesting ideas in the past, including Akamai (AKAM), Baidu (BIDU), Universal Display (PANL) and Intuitive Surgical (ISRG), and also plenty of lesser performers — as you’d usually expect with an advisory focused on breakthrough growth stocks with expensive-looking valuations, when they pick the wrong stock the pick can look very bad very fast, as with folks like Harris & Harris (TINY) or Sigma Designs (SIGM).

As with most aggressive growth newsletters, subscribers plan for the small number of huge winners to outpace the large number of losers — and, if you’re a subscriber who can’t buy all 40+ stocks in their list, you hope that you pick the best ones. So is the pick that Dave Gardner is pitching today going to be a breakthrough gainer (or a “Spiffy Pop,” as they like to call ’em), or will it be a dud?

Let’s figure out who it is first, shall we?

Here’s the intro to the letter:

“Your credit card may soon be worthless. Here’s why …

“The Three Little Letters Your Credit Card Company Doesn’t Want You to Know About…

“Soon, you’ll be seeing them everywhere you go. That’s because they’re about to make the plastic in your wallet obsolete — and set off the biggest gold rush we’ve seen since the dot-com days.

“Google, Apple, Nokia, and Microsoft are all desperately battling to stake their claim — but YOU could get rich by simply snapping up shares of the little-known company behind this credit-card-killing technology before everyone else does.

“Everything you need to start cashing in is revealed below…”

The letter does a good job of describing the hugely profitable development of credit cards, from the days when Diner’s Club paved the way to a new way of transacting business to the point where it’s now a multi-trillion dollar industry.

And as with all of Gardner’s “Rule Breakers,” the stock has already shot up (that’s one of his qualifications — the stock has to already be on the move, and has to be considered “overvalued” by the cognoscenti, among other triggers, before he likes it) …

“… over just the past nine months — as the smart money has begun quietly pouring into this stock — its shares have shot up as much as 245%…”

So what’s the big idea here? We’re being told that there’s an upstart payment technology that’s threatening credit cards, and it’s called near field communications (NFC) … here’s how they put it in the ad:

“But now three little letters are threatening to put an end to the party — and make early investors countless millions…

“Granted, you may not be familiar with the term ‘NFC’ yet — but mark my words, the technology behind these three letters is about take the world by storm…

“In fact, Barry McCarthy, President of Mobile Commerce at First Data, says that it will soon be ‘the way to pay, ultimately eliminating your dependence upon credit and debit cards, checks — and even cash.’

“And a recent article on CNNMoney.com says the arrival of this technology has started an all out ‘gold rush on the next e-commerce frontier.’ From the look of things, that’s no exaggeration, either….”

The idea is not just that there are wireless payment systems available — we’ve seen these kinds of “smart cards” and payment keyfobs in lots of applications, and they’re becoming fairly widespread if not all that widely used (I have a little RFID chip in one of my credit cards, for example, so when I remember I can wave it over the pay terminal at McDonald’s instead of swiping the magnetic strip … of course, I never remember).

No, the idea is that this NFC capability will be built into more and more smartphones — we get a long spiel about how all the names you know are developing or already providing this capability hard-wired into their phones, including Research in Motion, Nokia, Google, Microsoft, and, of course, Apple. We also get an official-looking chart that projects sales of these NFC-capable phones to hit 93,166 this year, and then climb steadily to over half a million by 2015.

The projections go on, as in this excerpt:

“But make no mistake, this isn’t just some fad or pie-in-the sky idea… it’s the future of money — and it’s going to spark the biggest payment revolution we’ve seen since Frank McNamara unleashed credit cards on the world.

“You don’t have to take my word for it, though…

“According to Forrester Research, over 12% of people in the U.S. and 6% of people in Europe have already paid for something using a mobile device… and The Wall Street Journal reports that $32 billion worth of purchases were made using mobile devices last year alone. But get this…

“Experts at Generator Research predict that number will jump to a whopping $633 BILLION by 2014 — and that some 490 million people around the globe will be using this technology within two to three years.”

So how do we invest in this? We know that most of the phone companies and all of the credit card companies are working on these technologies and networks — so what’s Gardner’s pick?

Hardware — which in this case means “chips” … here are the clues:

“only a handful of highly specialized companies have the state-of-the-art skills, artful know-how, and exclusive patents needed to build the complex components that allow NFC technology to function in the first place.

“And the company I’m about to introduce you to stands head and shoulders above all the rest…

“In fact, not only is this company the clear leader in this explosive new industry (analysts conservatively estimate it could control as much as 70% of the market — not to mention it’s the exclusive provider of all NFC components for Nokia-based smartphones)…

“But it actually helped to invent this world-changing technology — making it far and way the most trusted and highly regarded company in its field.”

And let me issue a friendly, “thank you” to the Foolies for supplying some nice, numeric clues as well — that always helps the Thinkolator operate without overheating too much …

“Samsung, Sony, Panasonic, Ericsson, Dell, HP, Cisco, and even Apple are already all top clients — yet no single client accounts for more than 10% of sales (meaning it has a highly diversified and therefore very-stable revenue stream).

“Speaking of which, last year this company saw its NFC-based revenues shoot up an impressive 41% (especially good news when you consider that this is the highest-margin segment of its business) — while overall revenues climbed a solid 25%…

“And in their most recent quarterly conference call, management noted that over the past year, both gross and operating margins have improved significantly…

“They also reported that the company has been able to more than double its free cash flow, while reducing its debt by nearly $575 million — leaving it in the best financial shape in its history.”

And one more little batch of clues, just to get you riled up?

“Of course, given that this high-flying company operates in this exciting new field of technology, you might assume its just some sort of born-in-a-garage Silicon Valley startup with no real track record of proven business know-how. But that couldn’t be further from the truth…

“In fact, this company actually operated as a division within one of the most well-known electronic companies in the world for over 50 years before being taken over by one of the world’s leading private equity firms and then spun out as a stand-alone company…

“Today it holds nearly 14,000 patents, employs some 28,000 people, and has operations in more than 25 countries — yet it’s still virtually unheard of.”

So who is it? Well the Thinkolator didn’t have to chug too hard at all to tell us that this is … NXP Semiconductor (NXPI)

NXPI was spun out of Philips a while back (that’s the “well known electronics company”), and was loaded up with debt by a leveraged buyout firm then taken back to the public markets fairly recently, but it does have a long operating history.

So although the balance sheet doesn’t look so great — it’s going to take them years to pay down that debt, and the debt is almost as high as their market capitalization even after the stock’s huge run — but the only reason it doesn’t look so great is that we’re not used to looking at semiconductor companies with big debt loads. We get used to seeing folks like Intel or ST Microelectronics with large cash hoards and no debt, which is kind of what you expect from what is usually a high margin business — especially since so many semi companies don’t even operate their own capital-intensive foundrys but are “fabless” and just design and market the chips.

The debt level of $4.6 billion for a company with a market cap of $6.8 billion would be refreshingly unleveraged in many other industries, so everything is relative — the only other big semiconductor company I can think of offhand that has a bit debt load is Freescale Semiconductor, another leveraged buyout company, but they won’t be coming public for a few more days. NXPI seems to be perfectly capable of paying the debt burden, particularly if they’re able to continue growing their NFC chip business — they are indeed the current leader in that segment, and it makes up the lion’s share of their earnings.

NXPI was a weak IPO when it was taken public by their private equity backers last year — it priced below the expected range of $18-20 or so to trade around $14 when it opened, then fell quickly to nearly $10 before it began to climb. The climb was pretty dramatic, hitting $35 or so largely because of the excitement over this NFC chip business and on solid growth numbers, but the stock has fallen back a bit to the $27 range — perhaps that’s why the ad says that Gardner is “convinced there’s never been a better time to snap up shares.”

The other overhang from the IPO is that their former parent, Philips, and the buyout leaders KKR and Bain Capital each own a big chunk of the stock — I don’t know what their lockup period is like, or if they’ve done any additional selling yet, but KKR and Bain between them hold 36% of the stock, and I assume that we should expect them to want to gradually get out of the shares or lighten those holdings, which might pressure the stock if they get into any kind of hurry to sell.

So … this is a relatively large company, with a market cap of about $6 billion, and if you look at an Enterprise Value/EBITDA valuation (to account for the debt) it’s trading at about twice the valuation of INTC or STM, and a bit above Texas Instruments (TI), but it’s hard to compare all these different types of companies in a direct way given their various specialties. EV/EBITDA is about 10 for NXPI, and analysts are projecting something in the neighborhood of $2.40 per share in earnings this year and $3.20 next year, so the valuation is certainly reasonable for that level of growth.

It’s clear that NXPI chose a good year to go public, though they might have done better if they waited a few months — last year was when their margins turned up significantly, and when they started generating free cash flow and real earnings. I expect the reason the stock isn’t higher still is that they’re leveraging themselves to this NFC chip business for future growth, and there will be more competition in that field, and that they’re still tarred by that large debt load so more cautious investors who are comparing NXPI to other semiconductor companies, almost all of which carry net cash on their books, might want to make sure NXPI can actually generate the cash to cover those interest payments. It sure looks like they can, if the analysts are at all right about their earnings and if the prognosticators are right about the mass adoption of NFC payments in the years to come, but, of course, nothing is guaranteed.

And no, this won’t destroy the credit card companies — in fact, my bet would probably be that what we’ll end up with is credit card-branded dominant FCN payment networks (Visa, MC, etc.) who are in partnership with telecom companies and whichever hardware companies have the power to demand a cut (like Apple, maybe Google). That’s just my guess, the business is certainly in both flux and growth mode, so I have no idea how it will really shake out, or if, indeed, people will actually grow to like and demand this seemingly “inevitable” payment technology (to be fair, it’s been called “inevitable for more than ten years now, though perhaps the technology is now catching up to the futurists) — it’s an infinitesimally small business right now compared to credit cards, but certainly lots of smart folks expect dramatic growth.

Given the state of flux in the business now, perhaps it makes sense, as Gardner seems to be pitching, to look at the biggest chipmaker in the field as the lowest common denominator — they might not always control such a big market share, but they’re starting with a strong share in the early days, so there’s a bit less uncertainty than their might be for some other players … and heck, the CEO has even said that if someone offers them a huge premium they’ll sell the company again, so perhaps we can hope that they’re not run by idiots.

And compared to other stock ideas that have come from our favorite “Rule Breaker” in recent months, it’s not expensive (OK, it is expensive on trailing earnings, but not on forecasted earnings — so you have to have some faith that the analysts are on track), so we’re talking about a PEG ratio (again, assuming the analysts are right) of well below 1, bargain territory which belies the newly public, highly indebted, new market uncertainty that should be part of any assessment of the stock.

If you’re looking for other chip companies with a NFC product, many are developing for this market but Qualcomm (QCOM) seems to be the other large player in the field — and though NXPI is certainly not a “pure play” on NFC, it certainly looks like one compared to QCOM.

If you’ve got an opinion about paying for your gas with your cell phone, or have a bone to pick with NXPI’s projection that their FCN unit sales will double in each of the next two years, let us know with a comment below. I’m finding myself to be actually a little bit skeptical about the broad potential of the NFC payments “revolution” in the near term, but I might just be a bit too stodgy — and it’s probably true that even a minor level of adoption by consumers could increase hardware demand considerably, since the growth is starting from such a low level.

And if you’ve been a Rule Breakers subscriber in the past, we’d all love to hear what you thought — just click here to submit a brief review for your fellow investors over at Stock Gumshoe Reviews (Rule Breakers is currently the top-ranked Fool newsletter by our readers, but that’s based on a very small sample). Thanks!


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59 Comments on "“The Next Great Payment Revolution” — the Motley Fool’s NFC Stock is …"

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wpct
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wpct

Bought it 2 weeks ago @ 29.44, Doh! Will average down when the summer sell off begins. Hang on…

TD Pointer
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TD Pointer

Well, it’s at $46 today (December 31, 2013) so if you all still have it, you’re in good shape. The question now is… “Is it still worth buying?”

blancoaker
Guest
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blancoaker
This company sounds interesting, but I would like to know more about some industry specifics before I put any $ down. Does anyone know if this company will supply the chips (or ?) that will read the phone signal to charge the merchandise? If so, that is almost another whole market segment. It is my understanding that Europe does not use the magnetic card readers as their cards have chips. Does this company make those chips? Will the European readers be able to read this NFC chip? And will our phones be able to charge purchases in Europe, which they… Read more »
Brissmith
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Brissmith

Sounds like a great concept to thin out my wallet until the battery on my phone dies.

Kaiser So Say
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Kaiser So Say

NY Times-Business Day-Technology section-Published May 24th 2011

GOOGLE EXPECTED TO INTRODUCE A WIRELESS PAYMENT SYSTEM

On Thursday 5-26-11

Guest
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Guest
I am a very recent user of this site and I command Travis for the great work he is doing! I am in a payment card industry and must admit that the idea of NFC is not really new. One of the biggest issues of the NFC is security of a payment transaction, including transmission of secure data between a mobile device and the receiving entity…This is going to be very long evolving process, I don't expect any breakthroughs in it. And Travis is absolutely right – Re: "…this won’t destroy the credit card companies…" (and read-on the rest of… Read more »
Dave S
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Dave S

If anyone is interested, there is an article at NewScientist.com that talks about this a bit… http://www.newscientist.com/blogs/onepercent/2011

Cheers!

Sheryar
Guest
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Of course you can also play on http://www.gemalto.com/investors/stock_details.ht…. Gemalto is what has become of Gemplus, and Gemplus has been a dominant card maker and card reader supplier for many years.

T
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T
sounds like the future. When I worked @ National Semiconductor in the late 70s they were making the scanners/chips that would eventually be used for inventory control EVERYWHERE and friends laughed at the thought of what a barcode would be. My husband’s computer science roommate at UCLA in the late 70s said we would be paying for everything in the future with cards connected to our bank accounts and his friends dismissed him. When I went to a grocery store in Sacramento in the 90s and pulled out my debit card (which I had used in Southern CA for months)I… Read more »
chris
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chris

Hmmmm…
doesn’t the global economy need to recover a wee bit and, indeed, show real signs of sustainability before we talk about technology based on consumption? Call me a luddite but it seems ironic to be looking into a future seriously undermined by the most recent failure of capitalism itself with any certainty. Don’t people need to have money, even digital dollars, to spend it?

Can one squeeze water from a stone?

chris
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They claim to have email etc. encryption that is equal to US Gov. Why is stock doing so bad when all you hear on news is to be aware of hacking your information
Chris

C Patterson
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C Patterson
I have two diverse, harsh comments, the second for GumShoe’s further anaylsis. First, I think this technology will receive favor long term with the US government — since it wants to know everything about us financially and disfavors cash transactions or any privacy, because in its eyes we all are suspect money handlers and money hoarders — hoarders was the term/excuse used when FDR confiscated gold from Americans and six months later devaualted the dollar 41% by decree, changing the gold price. Second, NXPI’s debt concerns me in several respects because without debt the company would be so strong the… Read more »
JayLeft
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JayLeft

I’m thinking this is going to take off real quick. People will love it. Watch the movie “The Transcendanet Man” ,might change your understanding of the increased rapid advances that will occur in technology.

Xxxxxxxx
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Xxxxxxxx

Movies aren’t real life. Have you seen Limitless?

pantycat
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pantycat

Wasn’t Limitless a true story? Damn!

Paul
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Paul

EEFT is a company related to this, anyone have any thoughts on them?

Bellanesse
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Bellanesse

I have also been following CMEY, another NFC play, and would like to know your opinion on how it compares to NXPI.

Mormon Mike
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Mormon Mike

I was in Canada last week and saw the technology at work in dozens of places. I don’t know anything about this company, but the technology seems to be literally “coming to a theater near you soon.”

Lilacia
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I live in Korea (teaching ESL here), and I see that kind of technology every day. Many people just hover their smart phone over the subway scanner to go on the subway here in Seoul. I don’t know for certain if it’s that exact technology though (NFC) or what company is making it. But from seeing this in action here, I can envision the same thing happening back home in the US as well. It’s very much a part of daily life here.

Nanette
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Nanette

Does anyone have any companies that manufacturer NFC technology that they like. Broad com?

miltonmoney
Irregular
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love this new section.great reading..any aussie stocks stories bring em on……………

Gary W
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Gary W

A note to sheryar – thanks for the comment on Gemalto. It will certainly be involved in securing payments based on NFC – as they are in most existing payment systems – but they are not like a pure-play on NFC as NXP is. Please reply if you think I have misunderstood Gemalto’s value proposition.

Emmasue
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Emmasue

If NFC information can be read by units within about 20cm (about 8 inches) seems to me that dishonest employees could simply slip a reader under the counter to capture the information about a customer and could thereafter use it. What are the safeguards with this technology? Could someone with a reader stand beside you in a crowd and capture your ID info as some now can with the current magnetic cards? I have twice had credit card info stolen and have no idea how it was done. NFC doesn’t seem any more secure.

Australian
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Australian

Actually NFC is used in Paywave here, and there have been news stories about scammers scanning bank customers/credit card in queues at stoes. This will be fixed by later versions, but it has been a problem.

Hank
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Hank

Did anybody notice that yesterday (Nov 15, 2011) Third Point LLC (David Loeb’s hedge fund – the one who is quoted in the Motley Fool’s video) totally liquidated its position in NXPI. Time to get out????? DUH! I guess the fact that NXPI has suffered a 50% loss in stock price since May 2011 might be one reason?

AlterIn
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AlterIn

A recent pitch that may be similar, for Keith Fitz-Gerald, Strike Force: http://moneymorning.com/video/sft/20111121_websummit_b.php

game
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game

excellent site in response to my search on fool’s come-on…;]

Jim Spencefield
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Jim Spencefield

Why not ask those who are holding NXPI from high twenties?

advantedges
Member
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advantedges

“Two third of consumers in Asia region use mobile payment services.” Making such a bold statement here requires source information: “Guest” please verify this claim. We can only use information here if it is credible. This is not Fox News…………

oscar cadwallader
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oscar cadwallader

On Track Innovations (OTI) filed a patent lawsuit against T-Mobile USA, saying the operator infringes on a variety of OTI mobile money patents, including those for contactless payments, mobile coupons and data mining.
http://mobilenow.yankeegroup.com/articles/121461/oti-sues-t-mobile-for-nfc-patent-infringement/

Gow
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Gow

NFC been revolutionized for past 10 ten years or so… anyway, for 10% saving of your car fuel/gas consumption made of 100% plant extracts is quitely making its way and explosing in China right now… for USD 5, 420L or 92 gals. to save 9.2gals, assuming $1.5 gas/gal, you gained ~$8, or almost twice your returns for the amount you spent! email: hgow@yahoo.com to get your sample shipped!

Marco
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Marco
I live Hong Kong. In HK, since 2000, every citizen has a NFC card (work like a debit card) to pay for subways. food, and everything. but it has a limit on US$30 per transaction. so you will not worry someone steal your money from the card by waving the reader near your wallet, as at most they can only steal US$30. Since then, people seldom use cash if the store accept the NFC card. NFC in phone will surely be a success. but I just dont know if it will reflect on NXPI. That NFC chip is not rocket… Read more »
Myron Martin
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Missed this one due to a glitch in delivery for several months so maybe this will start a new thread as what interests me has not been covered very much. Irrespective of the merits of any stock mentioned, this could become a major social issue. While the government is pushing things like safety, ease of use, possible savings on transactions, elimination of tax cheating etc. I suggest the REAL objective here is really TOTAL CONTROL! Due to money laundering concerns, CASH is on the chopping block, and identify theft using credit cards is also a problem, so IF the powers… Read more »
Jonathan
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Martin, Very well said. The same verse was brought to my remembrance as I was reading this article (“No one will have the power to buy or sell unless he has bears the stamp or mark of the Beast.”). I imagine that this NFC chip technology is only the first wave. With a NFC chip located within your smartphone the same possibility exists of losing your hard earned government credits to thieves who will then scan and spend your money the same way they would spend your cash or swipe your card. The “ultimate solution” to this problem would be,… Read more »
jkb
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Well said. Finally some people with their eyes open…now the question is, if we know these things, should we still be investing in a company like this?

John Boudreaux
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John Boudreaux

I think Jonathan’s comments are on target.

Linnea Bates
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Linnea Bates
I am a COMPLETE newbie to investing (or even researching on how/what to invest IN), so I don’t even pretend to come here with some huge font of new wisdom, but it seems to me that although there will be many believers in the fact that this all seems to be leading towards Big Brother being able to keep their eyes on our pursestrings, (myself included), it does not mean that many won’t use the technology anyways simply because it’s more convenient. I most certainly have been neither cautious nor concerned about anything like this, because I don’t buy anything… Read more »
Brumo
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Brumo

LOEB may have sold chunks of SEMICONDUCTOR companies to put into YAHOO… he seems to be somewhat obsessed with that company.

What about Veriphone (PAY)….. they are a player in this genre…
Brumo

jerickson68
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John

I wouldn’t trust anything that has the KKR touch. My learning came from a go around when they took OI private. The process became apparent. Downsize employees and take “excess contrbutions” to pension funds, strip tangible assets (forest lands) wait a couple of years and milk the goodwill of a company not the same, but loaded with debt and marginally funded pension obligation. How does this help stockholders? Kkr buyout price was lower than longer term holders.
(Please excuse the tag to an old post……)

Geo
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Geo
I realize this is a comment and not a recommendation but in response to 2/3rds use of mobile payments services…..I call BS on the electronic payment by wipe/mobile in SE Asia…..I live here on a day to day basis. Get out of the expat and tourist regions and everything is done, I mean everything is done by cash. I will not even use a credit card due to the fraud here. The vast majority and I mean the vast majority will not use any form of “money” that is not money. In Ameriduh people do pay with credit cards, debit… Read more »
GGA
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GGA

Hi travis,
I just became a premium member. Could you please comment on Elliott Gue, 5/29 teaser “Horizontal drillers can not operate without it”
I think the producer is U.S. Silica Holdings, Inc. Your comments on this company will be greatly appreciated.
Many thanks,
GGA

Myron Martin
Guest
0

What they are referring too is “frackng sand” of which U.S. Silica Holdings is the principal producer. The premise is that with the shale revolution there will be thousands of wells drilled that require frackng for maximum production.

Biff Jones
Guest
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Biff Jones

NFC sporting cell phones, have been in the works for a long time. We were working on the security aspects in standards bodies back in 2007. We even started looking at using NFC for other things. I don’t think the hardware is a big deal. Again it will be the company that locks up its use….it will be another way to use your credit card…same companies.

prowalt
Member
0
prowalt

One year later – almost to the day – Fortune resurrects “The Death of Cash” and Motley Fool jumps on the bandwagon with e-mails and web drama about how this will put millions in your pocket (by taking billions out of it). Long live “Phone Swipe Pay”.

1980BigIPO
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1980BigIPO

It is now TWO years later…seems like Motley Fool is a spam farm to me.
Seems most stock analysts in modern times have this “investment strategy”; rehash old investment strategies as new every few years.

C. Cook
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C. Cook

Anybody know the name of a company that will develop (is developing) SECURITY so thiefs can’t steal info. off your NFC wallet while your walking around in a Mall???

greenfire67
Irregular
31
C. Cook, Security can be approached several ways. 1. By software directly tied to the app, or the app itself, blocking or limiting signal traffic to the specified target. 2. Biometric security. This is what I think will be the near term solution. Co’s such as IWSY, AWRE, and a few others which will require you to sign in and out to use the app. Biometric signature, ie. finger, eye & voice recognition seems to be the booming market security answer. Passwords are so passé now a days and can be hacked by 12 yr. olds. Biometrics, on the other… Read more »
bpowers
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bpowers

Watched someone scan their phone at Starbucks recently and thought “that’s a great way to handle debit.” On the other hand, I’m not too crazy about my phone wirelessly transmitting payment in public places. Somehow the scan code feels more secure even though it probably isn’t. Perception is half the game; is their a way to invest in the technology I saw at Starbucks? Thank you in advance!

editfish
Member
0
editfish
Lara
Guest
0
Lara
Motley fool has a new teaser out again, that sounds the same… Is it for NXP again, or something else? Please investigate! Here’s the teaser: If you’re a believer in investing in megatrends like 3-D printing, don’t miss this. The plastic in your wallet is about to go the way of the typewriter, the VCR, and the 8-track tape player. When it does, a handful of investors could stand to get very rich. A new presentation reveals the full story on why your credit card is about to be worthless — and highlights one little-known company sitting at the epicenter… Read more »
Lara
Guest
0
Lara
here’s another new teaser from Fool, that sounds just like this old one… is it NXP again? Please investigate! ” If you’re a believer in investing in megatrends like 3-D printing, don’t miss this. The plastic in your wallet is about to go the way of the typewriter, the VCR, and the 8-track tape player. When it does, a handful of investors could stand to get very rich. A new presentation reveals the full story on why your credit card is about to be worthless — and highlights one little-known company sitting at the epicenter of an earth-shaking movement. Its… Read more »
Eric Gilbert
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Eric Gilbert

8/01/2015….

NXPI is about 97.00 a share.

great job motley fool!

Harveydub
Guest
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MasterCard challenges Canadian developer community to build the next payments revolution at Masters of Code

guest
Guest
0
guest

Dave,
good article, thanks; actually, quite in line with my msg above; I am quite positive on the trend, albeit slowly evolving; i guess Asian countries that are traditionally more adaptive to edge-sutting technologies will continue to lead; close to two third of consumers in the Asia region use mobile payment services, while the rest of the world lags behind – plenty of growth. But again, at would stick with large credit companies like Visa and MC
GLTA

Sheryar
Guest
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Sheryar

(they're also active in NFC, just to confirm.

Gordon
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With the explosion of NFC technology, I am worried about future government regulations regarding this technology. Also interesting is that Phillips founded the NFC forum in 2004. I would consider them the leader in the field. Found this interesting, From the NFC Chip Wiki page-“NFC standards cover communications protocols and data exchange formats, and are based on existing radio-frequency identification (RFID) standards including ISO/IEC 14443 and FeliCa.[3] The standards include ISO/IEC 18092[4] and those defined by the NFC Forum, which was founded in 2004 by Nokia, Philips Semiconductors (has became NXP Semiconductors since 2006) and Sony, and now has more… Read more »
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