THE NFC TECHNOLOGY APPLICATION IN PAYMENT SYSTEMS

Original scientific paper
Autor: Jelena Vasković

Summary: The Near Field Communication - NFC technology is a new wireless short range technology that was developed from the already existing wireless technologies, more precisely, their combination which allows for a safe interaction between two devices. It has significantly simplified mutual interaction of devices by bringing them in close proximity or touch, and allowing for a data exchange between them. This paper presents the way NFC technology functions, its characteristics, and the present situation prevailing on the NFC phone market. The application options of this technology were analysed, its advantages, and practical cases of its deployment. The NFC technology application in the payment systems was also presented in this work, and a table is given showing the NFC payment systems which are in use today.

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