What is NFC
Near Field Communication (NFC) has become a more common term in the payments industry over the last few years because it’s the technology behind mobile payments. But what exactly is NFC and how does it work? Let’s start with a definition, and then we’ll get into seven things to know about accepting NFC payments. What is NFC and how does it work? NFC is a method of wireless data transfer that allows smartphones, laptops, tablets, and other devices to share data when in close proximity. NFC technology powers contactless payments via mobile wallets like Apple Pay, Android Pay, as well as contactless cards. NFC is similar to radio-frequency identification (RFID) technology, but is limited to sharing data with other devices that are within about four inches. That’s why a consumer paying with their mobile wallet must place their device close to the contactless payment reader. NFC is also similar to Bluetooth technology, but differs in that NFC doesn’t require dev...