Most shoppers do not even like to carry cash with them because of the potential of being robbed or even losing it. The same holds true with credit cards. With credit card theft and identity theft, leaving credit cards at home is preferred as well. NFC technology used RFID technology to communicate with another mobile device. To most shoppers, swiping a phone in front of a reader sounds weird but it is not the future, it is now. The smart phone technology can make the transaction in mere seconds. The NFC chip is able to communicate with the phone reader at the store. The purchase price is then automatically deducted from the credit or debit card.
NFC technology has been a movement that we are going to for years. In the previous two years, consumers have started to catch on to this modern miracle. The transformation toward NFC technology will not happen all at once because many clients do not have the technology on their phones or fear using an NFC swipe. Some consumers have the fear of the unknown. Eventually they will come around.
Many folks wonder if this movement toward NFC is really necessary. Is it crucial to be able to make a payment from a cell phone? Some people will see a benefit and some will see a big mess. Like with any technology there will be some trial and error and risk. Anything that goes wrong with NFC technology will be big news at first. Once the positives outweigh the negatives, this new technology will save all of us time and money. For example, if you forgot your wallet or checkbook you had to run home to get it. Now you have the option of whipping out your phone and paying that way. This allows consumers to do their business literally anytime and anywhere. Many people now pay their bills from their cell phones so it would be a natural movement to head toward making purchases from our phones as well.
In capitalism, convenience drives the product. Products that tend to be bulky and hard to use do not make it in the business world. NFC technology is really the picture of convenient. Security is also a big benefit to using your phone to make purchases. There is sure to be some lapse in security and consumers and clients will need to make sure that their security systems are in place to handle the NFC technology and that people’s sensitive data remains a private affair.
It quickly becomes quite obvious that we have only scratched the surface on the capabilities of Near Field Communications. The future is really upon us now and it is a safe bet that millions of smart phone users will soon be utilizing NFC technology on a daily basis.