Lewis Gersh

NFC: the future of mobile payments. Eventually.

May 25, 2011: 11:58 AM ET

Google and other companies say Near Field Communications will change the way consumers interact with merchants. Too soon?

From left: TechCrunch's Erick Schonfeld, Alex Rampell, TrialPay CEO; Stephanie Tilenius, Google Commerce and Payments; Lewis Gersh, Metamorphic Partners.

FORTUNE -- As mobile commerce emerges, companies like Google (GOOG), Square, and reportedly Apple (AAPL) are placing their bets on some form of mobile payment where the users' smartphone becomes a credit transactional device. On Monday, Jack Dorsey's startup Square, which reported the shipment of 500,000 Square card readers and processing of $3 million in mobile payments a day, announced an iPad app that replaces cash registers and lets customers pay for products with their Android or iOS devices. But Dorsey left bloggers hanging when he didn't announce any Near Field Communications capabilities. Meanwhile tomorrow, Google will reportedly make an announcement of its own regarding new advancements in NFC with Sprint (S).

Today, at the TechCrunch Disrupt conference in New York City, Alex Rampell, CEO and co-founder of TrialPay, Stephanie Tilenius of Google Commerce and Payments, and Lewis Gersh from Metamorphic Partners weighed in on the future of mobile commerce, particularly NFC, a promising, if still immature payment method where your phone acts as the credit card without the need for a hardware add-on as say, Square does. More

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