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An NFC mobile payment is a contactless transaction that someone can make with their mobile device, like a smartphone or tablet. Instead of handing out cash or swiping a physical payment card, people can use NFC payment apps or mobile wallets to make purchases.
Contactless payments, including Visa contactless cards, Google Pay and Apple Pay, use the same NFC (Near Field Communication) technology. Samsung Pay, however, works with both NFC technology and MST (Magnetic Secure Transition) technology, which can be used anywhere you can swipe.
A contactless payment is a transaction that requires no physical contact between a device (aka a smartphone) and a payments terminal. Meaning, people can just hold up their mobile devices to pay. In an NFC payment, you tap or hover your device to pay.
NFC payments are contactless payments that use near-field communication (NFC) technology to exchange data between readers and payment devices—like Apple Pay and Google Pay e-wallets in smartphones and wearables or tap-to-pay credit and debit cards.
Your smartphone can use NFC to mimic a contactless debit or credit card using apps like Google Pay, Samsung Pay, and Apple Pay.
Contactless card payments. Contactless credit and debit cards are equipped with an NFC chip that can transmit encrypted card information. This chip allows you to tap to pay with your Capital One card at retailers accepting contactless payments.
Instead of using traditional methods like inserting a card into a chip reader or swiping a card, contactless payments use near-field communication (NFC) technology to facilitate transactions between two devices (e.g., a phone and a point-of-sale terminal) in proximity.
NFC mobile payment is a contactless payment method that allows customers to pay using their smartphones, smartwatches, or NFC-enabled cards without the need for physical cash or card swipes. By simply tapping or hovering their device near an NFC-enabled payment terminal, they can complete a transaction quickly and securely.
Here’s a guide to NFC security for businesses using contactless payments, including how NFC payments work and the potential risks involved.
NFC payments are contactless payments that use near-field communication technology, allowing devices like a mobile phone and a payment terminal to communicate securely with each other.