Page 13 - All the 12 payment enabling technologies
P. 13
HotKnot
A near field communication technology, it was announced by MediaTek in December last year. The technology uses the
projected capacitive touch panels of devices and does not require the embedded NFC chip or the antenna to work.
How it Works Companies involved
The technology involves data transmission between
devices through signal transmission between the touch
panels which get coupled. It uses low transmission
power but the data transmission rate is far lower than
NFC technology
Use Case
Payments, funds transfer
Strengths
Transmission rate is far lower than NFC
technology
Weaknesses
Security is low
Security Risks
Susceptible to attacks through pairing
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