Near Field Communication (NFC) Technology.


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Uploaded on May 28, 2021

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PPT on Near Field Communication (NFC) Technology.

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Near Field Communication (NFC) Technology.

NEAR FIELD COMMUNICATION (NFC) TECHNOLOGY What Is Near-Field Communication (NFC)? • Near-field communication (NFC) is a short-range wireless connectivity technology that lets NFC-enabled devices communicate with each other. • NFC began in the payment-card industry and is evolving to include applications in numerous industries worldwide. Source: www.investopedia.com NFC applications • Near field communication NFC lends itself ideally to a whole variety of applications. These include: – Payment cards – Ticketing – Mobile phones, PDAs, etc. – Check-out cash registers or "point-of-sale" equipment – Turnstiles – Vending machines – Parking meters – ATMs Source: www.investopedia.com How NFC work? • NFC near field communication is ideally placed to provide a link with the contactless smart card technology that is already used for ticketing and payment applications. • It is broadly compatible with the existing standards that have been set in place. Source: www.electronics-notes.com Contactless operating environment • NFC is a form of RFID, but it has a specific set of standards governing its operation, interface, etc. • The NFC standards determine not only the contactless operating environment, but also the data formats and data transfer rates. Source: www.electronics-notes.com BENEFITS OF NEAR FIELD COMMUNICATION (NFC) TECHNOLOGY Convenience and ease of use • Near field communications make payment transactions easy, as consumers often only need to hold up their phones or their NFC cards to make a payment. Source: www.fisglobal.com Improved operational efficiency • Near field communication allows for faster transactions which cuts down on the amount of time customers must wait in line as well as time spent at the register. • NFC helps speed up checkout lines, increasing customer satisfaction with your business. Source: www.fisglobal.com Ease of implementation • Near field communication technology is easy to implement. You’ll need NFC- enabled payment terminals, like credit card terminals or integrated point of sale systems. Source: www.fisglobal.com Enhanced security • NFC signals only transmit data centimeters from the NFC device, like a payment terminal. • Unlike wireless internet technology, near field communication signals can’t be hacked from across town, across the street or even across the room. Source: www.fisglobal.com THANK YOU