NFC Payments
NFC payments use near-field communication to enable short-range, contactless transactions. They are common in tap-to-pay cards and mobile wallets.
NFC payments rely on encrypted data and often use tokenization to protect card details. They are typically processed using EMV contactless standards.
Related Terms
Contactless Payments
Contactless payments allow a customer to tap a card or device to a reader for a quick transaction. T...
Digital Wallet
A digital wallet is an electronic device, software program, or online service that stores payment in...
EMV
Europay, Mastercard, and Visa
EMV is the global standard for chip-based payment cards and terminals. It uses dynamic cryptographic...
Tokenization
Tokenization replaces sensitive payment data with a non-sensitive token that can be used for transac...
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