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Juniper Research predicts the value of NFC transactions will reach $8 billion this year and grow to $30 billion in three years. Coupon and promotion applications are expected to be prominent in the early market, but eventually will be supplanted by contactless payment.
Investment to develop RFID tags to secure pharmaceuticals plus RTLS contract agreements by a major hospital supplier highlight this week's RFID news, which also includes several NFC developments.
RFID improved inventory accuracy by 27.2 percent and reduced the time required for inventory cycle counting by 96 percent in an item-level jeans tracking pilot project completed by Bloomingdale's. Researchers said the results were consistent with other pilots and suggest similar benefits would be available to other retailers.
