NFC payment
Near-Field Communication (NFC) payment refers to a method that uses short-range wireless technology to exchange payment data between a device and a payment terminal. NFC works at distances of up to 4 centimeters, ensuring fast and secure communication. This technology enables seamless and secure transactions through mobile payment options like Apple Pay, Samsung Pay, and Google Pay, as well as contactless cards. During NFC payments, compatible mobile devices, functioning as or contactless cards, communicate with payment terminals, securely transmitting encrypted payment information.
How it works
When a customer holds an NFC-enabled device near a compatible terminal, the device transmits encrypted payment credentials. The terminal then communicates with the to authorize and process the transaction.
When a customer holds an NFC-enabled device near a compatible terminal, the device transmits encrypted payment credentials. The terminal then communicates with the to authorize and process the transaction.
Key benefits
- Convenience: no need to carry cash or swipe a card
- Speed: transactions take only a few seconds
- Security: sensitive data is protected by encryption, , and biometric authentication
NFC payments are now standard in retail, transportation, hospitality, and other industries, driving the global shift toward cashless and contactless transactions.
