Have a smart mobile shopping with Near Field Communication!

Near Field Communication, or NFC, is old wine in new bottle. It brings contact-less payment to your mobile phone. You can make your mobile a payment device for all your shopping needs with the help of NFC, where you just need to pay simply by swiping your phone across a payment reader.

What is NFC?

It is a wireless technology, based on Radio Frequency Identification, allowing a two-way communication between two nearby devices. It is an enticing technology for both commercial and private users. You can use it in paying for goods and services, ticketing, or information sharing between devices.

Usage of NFC:

It can be operated on mobile phones only, and has three specific uses:

 

• Card emulation – Works as contact-less card.
• Reader mode – It has the capability to read a passive RFID tag.
• P2P mode – Includes exchange of information by the communication of two NFC devices.

 

Advantages of NFC:

 

• Increased usability and better security.
• Ensures fast and reliable transactions.
• Allows you to pay instantly for public transport.
• Eliminating inconvenient additional steps of transaction
• Uses less power than Bluetooth and can work even when one of the devices is off.
• Very simple, flexible and convenient to use.

 

Future Aspects of NFC:
Industry analysts at Juniper Research has estimated that by the year 2014, 1/6th population of mobile phone users will have NFC-enabled units. This will surely help them to conduct small-sized transactions. National phone payment network of the US, Isis is expected to be a major player in popularizing and maturing the NFC technology.

The Near Field Communication (NFC) technology could potentially reach the wireless carriers' combined customer base of 200 million US customers. This technology is expected to become an established payment method in 2011.