6 Ways Consumers Can Utilize NFC
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NFC (near-field communication) technology facilitates contactless communication and data exchange between devices like smartphones and payment terminals, enhancing convenience for consumers and businesses. Key applications include using NFC for vending machines, in-store payments, ticketing for public transport, boarding passes at airports, access keys for buildings, and file sharing between devices. The adoption of NFC is rapidly increasing, with significant growth in enabled terminals and payment transactions projected by 2017.
6 Ways Consumers Can Utilize NFC
- 1. 6 Ways Consumers Can U/lize NFC
- 2. If you haven’t already heard of NFC technology, you should. Near-‐Field Communica/on (NFC) is a method of contactless communica/on and data exchange between electronic devices, like smartphones and tablets, to other devices such as credit card terminals. NFC will not only be a valuable solu/on for consumers, but for businesses as well, as it has already begun emerging at point of sale counters.
- 3. Nowadays, people are rarely without their smartphones and tend to use their phone for a mul/tude of func/ons, including payments. NFC can simplify and bring convenience to your life as our world con/nues to become more digitally influenced.
- 4. NFC can be used in a range of different ways at a variety of different places. Here is a list of the top 6 ways NFC can be used by consumers:
- 5. Vending Machines Need to grab a soda from the vending machine, but don’t have any spare change? NFC is now being installed on vending machines so consumers will just “tap and go” by using their smartphones instead of paying with cash or card.
- 6. Retail Paying in-‐store just got easier with NFC. When checking out, consumers will wave their phone on the NFC-‐enabled terminal to pay for a purchase. Using NFC in retail stores will also allow consumers to take advantage of digital couponing and build loyalty rewards.
- 7. Ticke/ng Time is of the essence when trying to board a subway or train. NFC /cke/ng helps expedite the /me it takes to buy a subway /cket by allowing consumers to buy a mobile /cket and use their phone at the reader to swipe and get on their way.
- 8. Boarding Pass Using NFC at airports allows travelers to quickly board hassle-‐free by waiving their phone, instead of relying on long kiosk lines and keeping up with a paper boarding pass.
- 9. Access Key NFC can also convert your smartphone into an access key, allowing secure access into certain buildings or hotel rooms and cuts down on having to keep track of a physical key or keycard.
- 10. File Sharing NFC authorizes sharing of documents, photos, and more between two phones that are from the same device. Consumers can share info from their phone to a friends phone with just a tap.
- 11. To give a beZer idea of how widespread NFC is becoming, here is a list of NFC facts: • 86% of POS terminals within the U.S. will be NFC-‐enabled by the year 2017. • 100% of the major payment networks already support NFC, including Visa, Mastercard, and AMEX. • There are 200 NFC enabled handset phone models currently available.
- 12. • In 2017, there is projected to be 2.8 billion NFC payment transac/ons worldwide. • By 2017, there will be 43 million contactless terminals installed. • 1 in 3 smartphones are now NFC-‐enabled.
- 13. NFC’s vast list of where and when it can be used is highly appealing. From retail stores, to hotels, to businesses, and sharing files, NFC is unques/onably evolving the way we communicate, ac/vate, and pay for transac/ons.
- 14. Reach out to First American to get started on upgrading your payment terminal to be NFC-‐enabled today! First American Payment Systems