http://conversations.nokia.com/2012/04/13/moving-towards-a-cash-less-world-with-the-mastercard-certified-lumia/
GLOBAL Money got truly mobile this week with the announcement of the new Nokia Lumia 610 NFC, certified with MasterCard PayPass technology that means you can just choose what you want to buy, tap and go. If you live in Europe or North America, you might already be familiar with PayPass terminals in shops and food stores. Soon you'll be able to tap your Lumia 610 NFC against the terminal, instead of your credit or bank card. James Anderson, MasterCard's Group Head and Senior Vice President of Mobile Product Development, talked us through it: "We've been working with Nokia since 2005 as founding members of the NFC Forum, and we are delighted to certify the Nokia Lumia 610 NFC. Over the years we've worked with Nokia on a number of pilots, and now we're pleased to see this progress on a commercial scale." Anderson stressed that people find NFC technology interesting when they can use it for something essential like payment: "That's when features like this come to life." The phone has a built-in NFC chip and new antenna. The signal from the POS terminal is sent to a secure element on the phone usually a SIM chip which hosts the PayPass application and which generates data back to the POS terminal.