Near Field Communication (NFC) Definition

By Phillip Parker

Last Updated: September 17, 2013

Merchant Account NFC Explained:

What is NFC? NFC, or Near Field Communication, is a set of standards for smart devices to interact via radio communication when in close proximity to one another. This technology is currently attracting some attention as a method of processing payments wirelessly using smartphones.

NFC payments, also known as contactless payments, generally take place when a customer’s smartphone or NFC chip-embedded card is held in front of or near an NFC-compatible scanner. Financial information necessary for payment is transmitted via wireless communication between the two devices, resulting in a cash- and card-free transaction. NFC payment processing has gained in popularity in Europe, but may soon become a common method of payment in the US as well.

Near-Field Communication Video Explanation

Use of this video does not constitute an endorsement of any kind by CardPaymentOptions.com.

About The Author

Phillip Parker

Phillip Parker is an independent card payment expert specializing U.S. and Canadian point-of-sale, e-commerce, and mobile payment acceptance. He has nearly two decades of experience in credit card processing as a journalist and consultant. Phillip is the creator of this website and has written over 1,500 articles covering numerous payment acceptance topics. He has also published critical reviews about most merchant services providers currently in operation.

Expert Guidance

Phillip has consulted businesses of all sizes from mom-and-pop shops processing $10K per month to enterprise level organizations processing in excess of $300MM annually. His specialties include:

– Merchant Account Statement Auditing

– Rate & Fee Negotiation

– Processor & POS Selection

– Software Integrations

– Risk Assessment

– Fraud Prevention

– General Processing Advice

Schedule a Consultation Here

Phillip’s Top Picks

Phillip has researched and reviewed over 1,000 merchant services providers over the last 15 years. He also owns multiple businesses that accept credit card payments. If you are looking for an ethical credit card processor that doesn’t hide fees or lock you into expensive contracts, see Phillip’s merchant account picks here.

In The Media

In addition his contributions on CPO, Phillip has also been quoted in several major publications such as The Los Angeles Times, INC Magazine, Miami Herald, Computer World, and numerous others. If you would like to interview Phillip for your story or podcast, please reach out here.

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