NFC stands for near-field communications, and is the technology that allows data to be read by compatible machines without contact.Īlthough NFC is most often associated with mobile phone payments and EMV is most often associated with chipped cards, both technologies can actually used in both payment options. The two buzzwords you’ll hear in discussions of chip credit cards and phone payments are EMV and NFC.ĮMV stands for Europay, Mastercard, Visa, and is a security standard for the chips embedded in credit cards vs the magnetic strip. So what’s the difference between EMV and NFC, and why should you care? Read on for more info. More people use credit cards for payments and mobile phones are becoming a popular consumer payment option as well.Īpple, Android, Samsung, and Chase all offer ways for customers to use their smartphones for payments, and new services are popping up all the time. These days you need to be prepared to handle a slew of payment options.
There was once a time when all you had to worry about was having enough cash on hand to provide customers with change.
0 kommentar(er)
