Mike, NFC is "near field communication", see http://en.wikipedia.org/wiki/Near_field_communication ... but the meaning is changing quickly wrt mobile where it's expected to drive electronic payments via your trusty handset. Google, Apple, Paypal and presumably MS all are flat out to produce "the" convenient killer app/platform so they can clip the ticket on gazillions of transactions. Android through sheer numbers is miles ahead on the OS, but Paypal has membership, familiarity and convenience.