The following video is part of our "Motley Fool Conversations" series, in which industrials editor and analyst Brendan Byrnes and consumer-goods editor and analyst Austin Smith discuss topics around the investing world.

In today's edition, Brendan and Austin discuss an up-and-coming technology, near field communications (NFC). A joint venture among heavy hitters Verizon, AT&T, and T-Mobile called Isis could potentially take this market by storm. Juniper estimates that NFC payments will reach $74 billion worldwide by 2015. This is a huge market, with many of the big tech players competing, including Google Wallet. Which companies will prove victorious?

Austin Smith and Brendan Byrnes have no positions in the stocks mentioned above. The Motley Fool owns shares of Google. Motley Fool newsletter services recommend American Express, Google, and Visa. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.