ORLANDO, FL – As near field communication continues to gain momentum, merchants and marketers should realize that it enables more than just contactless payments – it can be used to inspire consumer loyalty, according to a panel at CTIA Wireless 2011.

Mobile banking and payments are growing impressively, cutting costs for financial institutions, but where do banks need to ramp up?

A group of industry experts weighs in: Will NFC live up to the hype and help contactless mobile payments and marketing technologies such as smart posters reach the mass market?

Gemalto, a provider of digital security, announced that its Near Field Communication SIM card products are compatabile with Nokia’s contactless mobile devices.