NFC payments
Wireless purchase method
NFC payments are transactions made by tapping a phone, card, or wearable device against a payment terminal.
NFC stands for near-field communication—a wireless technology that transfers data over very short distances.
The tap-to-pay method has largely replaced swiping at many retailers: I just use NFC payments now; I haven't carried cash in months.
- contactlessRequiring no physical touch
- tapValve controlling liquid flow
- mobileCapable of movement
- walletSmall case for currency
- terminalAt the endpoint
chip · near field communication · smartphone · mobile wallet · digital wallet · swipe · checkout · beep · wave · reader · point of sale · transaction · digital · secure · fast · convenient · card · POS
NFC paymentsmagnetic stripe
Encoded data band
wire transfer · bank transfer · money order · cash · EMV chip
NFC paymentscash
Ready spending funds
paper money · coins · hard currency · banknotes · cash in hand
NFC, payment, payments, pay, paying, paid, payer, payers, payable