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Pros and Cons of Using Near Field Communication (NFC)

Pros and Cons of Using Near Field Communication (NFC)

Businesses seek various payment processing solutions in Wilmington, North Carolina to help customers pay for their purchases conveniently. One of these solutions involves the use of NFC or Near Field Communication.

  • What is NFC?

    NFC is a technology that allows wireless communication between two devices. These devices must be within proximity ranging from 4cm to 10cm. In most cases, one of these devices is a smartphone.

  • The Advantages of NFC

    A lot of customers want convenience. This is why most businesses offer cash management solutions to them.

    The use of NFC offers convenience. You do not have to reach into your wallet, grab a card and swipe it just to make a payment. All you have to do is put your smartphone near the scanning device. This will automatically start the transaction processing in North Carolina.

    Furthermore, using NFC allows customer flexibility. They can store different debit cards or credit cards on their phones. Bringing several cards on their wallets will not be a necessity.

  • The Risk of NFC

    Of course, using a payment processing solution such as NFC carries with it some risks. Using NFC has its vulnerabilities. The biggest risk is the possibility of interception or eavesdropping.

    With the use of certain software, eavesdropping may happen. Cybercriminals can modify data and steal it. Remember, such data revolves around the payment. So, it is most likely the customer’s funds or financial accounts. To secure NFC, adding more security layer technology will be helpful.

  • Accepting NFC Payments

    Your business can reap the benefits of accepting customer payments through NFC. After all, this type of payment is already becoming more popular among consumers, especially the younger generation.

If you decide to accept NFC payments, you will need an NFC-enabled reader. This reader is an important machine or device that will help you in processing transactions.

Whenever you need solutions for payment processing, Infinity Payment Systems is here! We can help you find the right payment solution for your business operations. Talk to us and ask about what we can do for you.

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