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NFC Payments Overview

NFC Payments Overview

Copyright: © 2017 |Pages: 42
ISBN13: 9781522523062|ISBN10: 1522523065|EISBN13: 9781522523079
DOI: 10.4018/978-1-5225-2306-2.ch001
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MLA

Vibha Kaw Raina. "NFC Payments Overview." NFC Payment Systems and the New Era of Transaction Processing, IGI Global, 2017, pp.1-42. https://doi.org/10.4018/978-1-5225-2306-2.ch001

APA

V. Raina (2017). NFC Payments Overview. IGI Global. https://doi.org/10.4018/978-1-5225-2306-2.ch001

Chicago

Vibha Kaw Raina. "NFC Payments Overview." In NFC Payment Systems and the New Era of Transaction Processing. Hershey, PA: IGI Global, 2017. https://doi.org/10.4018/978-1-5225-2306-2.ch001

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Abstract

NFC payment is the latest mobile payment technology for cashless transactions. Mobile payment is an application of mobile commerce which facilitates mobile commerce transactions by providing the mobile customer with a convenient means to pay. Many mobile payment methods have been proposed and implemented like user friendly, customer centric, merchant centric where security concerns are highly addressed. This chapter discusses the evolution of mobile payments that describes different technologies like SET, Barcode, Biometrics and also Near Field Communications that provides a platform for many applications for peer to peer transactions and other security features where confidentiality and trust are main concerns. Near Field Communication (NFC) provides means to close-range contactless identification and communications for mobile phones and other devices Also, use of NFC for short range communication allows the possible integration with existing Point-of-Sale equipment and the payment process from the customers and merchants perspective.

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