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Finance

Contactless Don’t Always Mean NFC

The NFC (near-field communication) technology in contactless cards and payment-enabled devices is gaining more and more traction, especially amid COVID-19. In payments, NFC and EMV provide safer means for processing payments. Let’s dig deeper into the topic and reveal the importance of eMerchantBroker for eCommerce payment processing.

NFC Payments & eMerchantBroker.com

COVID-19 has made the need for contactless payments much higher. Did you know that in March 2020, 31 million Americans used a Visa contactless card or digital wallet? This number was 25 million in November 2019.

Today, the number of credit/debit cards supporting NFC payments is on the rise. In fact, NFC technology is quite smart and is backed by radio frequency identification (RFID). The latter secures a connection between the chip inside contactless cards and terminals. The NFC technology creates a connection between the target device and the terminal when making a mobile payment.

So, NFC is a wireless method for transferring information. Specifically, it allows for completing contactless payments through Apple Pay, Android Pay, and other mobile wallets. This is also true of contactless cards.

In today’s reality when digital payments are growing and gaining more importance, you can’t stay without using the right payment processing services for your company. That’s where a respectable merchant processor and lender like eMerchantBroker.com comes into play. Only an expert merchant services provider can guarantee fast and hassle-free access to the latest, safest and cheapest merchant processing service to grow your business.

Contactless Isn’t Always NFC

There’s more than one way to make a contactless payment. Since this is a hot-button topic these days, let’s see what options exist:

  • Contactless Credit Cards and Mobile Wallets

Namely, apart from contactless cards for tap-and-pay transactions, customers can also use mobile wallets such as Apple Pay, Google Pay™️, and Samsung Pay that operate based on the standard NFC protocol.

 

  • Mobile POS Terminal

This handheld device is designed to accept all basic payment methods and guarantees a secure connection to the target network.

  • Finally, In-App purchase, Curbside Pickup

As you see, NFC technology is becoming more popular worldwide. This is mainly due to the fact that this technology offers many practical solutions. NFC operates within a radius of about 4 cm and wirelessly connects the target device to another one, thus providing 2-way communication.

Author Bio: Blair Thomas has been a music producer, bouncer, screenwriter and for over a decade has been the proud Co-Founder of eMerchantBroker.com, the highest rated high risk merchant account processor in the country. He has climbed in the Himalayas, survived a hurricane, and lived on a gold mine in the Yukon. He currently calls Thailand his home with a lifetime collection of his favorite books.

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