How NFC Technology Works and How to Token a Payment Card

by Olha Povaliaieva
Tuesday, December 28, 2021
How NFC Technology Works and How to Token a Payment Card

NFC technology allows you to exchange data between devices over short distances

"Contactless payments are fast, simple, and reliable — just bring a payment card, smartphone, or other devices to the payment terminal," the statement said.

An easily recognizable symbol indicates NFC technology in 4 brackets, located one behind the other and growing from left to right. This technology is spread worldwide, providing the opportunity for free travel without problems with currency exchange.

Payment by payment card with NFC technology. To pay via NFC, you need to present a card with a contactless payment icon to the payment terminal. A microchip is built into the card, which transmits a signal over a short distance. After payment, the terminal is automatically turned off, so re-debiting is excluded.

Payment by smartphone. To pay by phone, you need to install the application Google Pay or Apple Pay. Take your phone to the NFC terminal, and the payment amount will be deducted automatically. Funds will be written off even without internet access. A one-time key is generated for each payment, which is exchanged for the transfer of funds without card data.

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