Updated 19 Jun, 2013, 9:20 pm IST
Saturday October 08 06:26 am
What is NFC?
NFC or Near Field Communications Devices have been all the rage lately for everything from making a grocery list on your refrigerator to simply tap with your phone and go to the store, exchanging business card information, and accepting credit card payments. Today we are going to look at NFC, how it applies to your credit card processing account, and how it could reduce cost by making credit card fraud more difficult. NFC technology has been adopted as the standard in secure payment technology by many other countries including the most European countries, Canada, and even Mexico. NFC enabled credit cards often called Chip and PIN or Smart Cards offer superior protection against Identity theft and credit card fraud by making stolen information much more difficult to use. This is because to conduct a transaction the consumer must enter a PIN number very much so like a debit card. Also, the NFC chip is difficult to duplicate unlike a traditional magnetic strip. So even if a criminal is able to gets your card information it will be useless without your personal identification number or PIN. To get your business the latest technology and the best rates combined with superior service contact the Merchant Doctor http //www.merchantdoctor.net/index.php/site/support