In 2018, just 3% of cards in use in the U.S.

The COVID-19 pandemic fueled the demand for NFC contactless cards. NFC enables convenient contactless payments via EMV credit and debit cards, as well as mobile wallets including Apple Pay, Google Pay and Samsung Pay. What are NFC Payments and How do NFC Payments Work? It is the technology used for conducting contactless payments for nearly 20 years. NFC is based on short-distance, radio-frequency identification technology (RFID) and uses a tiny microchip and radio antenna to conduct the wireless tap-and-go experience. Near Field Communication (NFC) is the technology that allows two devices - like your phone and a payment terminal - to talk to each other when they’re very close, typically within two inches.

We’ll take a closer look at NFC payments and cover everything you need to know about the technology, how NFC payments work, the benefits to consumers and businesses, NFC security features, and what to look for when upgrading to an NFC terminal. and 45% in New York City - are now made by tapping a card or using a digital wallet such as Apple Pay or Google Pay on an NFC payment terminal or other contactless acceptance devices, such as those in train and subway stations. Visa reported earlier this year that nearly 20 percent of all in-person credit or debit card transactions in the U.S. Turns out, many people found “tap to pay” to be more convenient than swiping or inserting a card to make a payment, so contactless payments have taken hold. Contactless payments have surged since 2020, initially spurred by consumers’ concerns about the spread of germs when the COVID-19 pandemic hit.

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