Research in Motion announced Wednesday that credit card company Visa has approved RIM's security management system for use in mobile payments made with smartphones or tablets that use a Near Field Communication chip.
Home appliances are becoming more intelligent with near-field communication technology, wireless connectivity, and apps by the hundreds.
Broadcom thinks it can make NFC a common smartphone feature by offering it in a chip with other wireless technologies, even if making payments with the technology doesn't catch on for years.
Reports from software makers have helped keep up investor confidence in tech stocks despite continued uncertainty in the economy.
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