More RFID Technology Purchases May 10, 2006
In my last post, I talked about how a number of technology companies are buying up their suppliers. Given that RFID and NFC technology is behind most of the new digital touchless payment systems being tested in many parts of the world, it’s not suprising, then, that a company like NCR Corp (National Cash Register Corporation) recently purchased IDVelocity LLC, an RFID provider.
NCR has long been a producer of ATMs (automated teller machines), sometimes called ABMs (automated banking machines). Their technology is often branded with the logos of banks, credit unions, and other financial institutions, …
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