NFC Technology
Banks and financial institutions have considered the provision of various financial services through various electronic sites. Accordingly, one of the priorities of banks today is to provide electronic payment services, and for this reason, many ways have been proposed to provide NFC.
In recent years, near-field communication technology, a standard wireless method for connecting electronic devices at close distances, has been implemented by financial institutions, payment service providers, SIM card manufacturers, operators, and mobile phone manufacturers to implement payment services. Therefore Electronic solutions have been considered, and various solutions have been proposed to implement electronic payment systems based on this technology.
History
The NFC Association started on March 18, 2004, with Sony and Nokia. They made joint investments that year to advance short-range wireless technology in consumer electronics, including mobile devices and personal computers. As of June 2012, the association has more than 160 members, including Nokia, Sony, Visa, American Express, PayPal, Google, HTC, Philips, Samsung, and others. On November 17, 2010, two major mobile operators, Verizon and T-Mobile, made a joint venture to develop the technology in the United States. Their goal was to advance technology in human life and not carry money for more than 200 million customers.
- The main features of close field communication technology
- Usability instead of existing non-contact cards
- Disable RFID tags as a reader
- Both reader and sender
Because NFC is an evolution of RFID, it does not require new hardware for wireless payments.
Turkey pioneers the use of “close field communication” technology
So Turkish online payment company PayPal says that by 2016, consumers will no longer need any wallets for their purchases.
- Despite this technology, there are now three ways to communicate:
- Bluetooth
- WiFi
NFC benefits:
- Easy to use
- Versatility
- Generate new revenue
- Facilitate the use of various technologies
- Reduce cash transfers
- saving time
Weak points:
- Lack of business models
- Shortage of customer welcome
- Lack of acceptance of acceptors
What is the difference between NFC and Bluetooth?
NFC and Bluetooth have a shorter range among the radio communications available in smartphones. The operating frequency of NFC is 13.56 MHz, which is much lower than Bluetooth, with a frequency of 2.5 to 2.5 GHz. Because of this frequency difference, Bluetooth can support fast transmissions over a range of several meters. But with its quick win, NFC has attracted the attention of many companies, including Google, Microsoft, and credit card companies, to pay with e-wallets.
Conclusion:
Given the issues raised, Near Field Communication (NFC) technology may not be a very attractive and innovative thing for users. It may be considered a small development of the RFID contactless payment system, but what is obvious is the impact of this technology on accelerating activities. Finance is small and every day and can be expected to be a viable alternative to existing contactless cards in the not-too-distant future and a way to transfer user information in the form of a tag.