The future of contactless payment and communications looks convenient. With near-field communications (NFC), devices do not need to touch to send low power information. Many companies, along with the people behind NFC Direct, are pushing for this technology to be more accessible to uncounted millions of users. The infrastructure is already out in the public’s hand and it is a matter of finding the killer app to turn these device owners into app users.
Credit card payment nowadays needs to be swiped to facilitate payment. The same is true of debit cards. This can all progress to the next stage with better apps and the use of NFC technology. This is a mature technology that is already in use, but a majority have not been adopting the technology.
NFC is a technology that is included in cellphones. It allows data to be transferred from one device to another. This can allow for secure applications, password-less security features, as well as payment and money transfer apps. The technology has an API for cellphones. With more creative uses, it can be used more often for a variety of applications.
Pass By Payment
With NFC payment, a person does not need to bring out their credit card. The only thing to do is to pass the NDC device near a reader and payment information is sent from one to the other. NFC rides on the technology of RFID, which is commonly used in highway tollbooths. However, instead of being a limited manner of payment, the NFC inside the cellphone can be used in conjunction with an app. This converts the cellphone into a contactless debit card. It can replace every credit or debit card for daily use, or the cellphone can be used as a secure RFID pass.
This opens up possibilities for payment and security. It can be used in subway and bus fare payments. It can also be used in peer-to-peer transactions, where any person can pay or transfer money without any need for a central clearing house.