NFC Payment Technology

- Mar 26, 2019-

NFC payment technology is NFC (Near Field Communication abbreviation, short-range wireless communication technology).

The technology evolved from contactless radio frequency identification (RFID), developed by Philips Semiconductors (now NXP Semiconductors), Nokia and Sony, based on RFID and interconnect technology. Near Field Communication (NFC) is a short-range high-frequency radio technology that operates at a distance of 20 cm from a frequency of 13.56 MHz. The transmission speed is 106 Kbit/s, 212 Kbit/s or 424 Kbit/s. Near field communication has passed the ISO/IEC IS 18092 international standard, the ECMA-340 standard and the ETSI TS 102 190 standard. NFC uses both active and passive read modes. NFC near-field communication technology is evolved from the integration of contactless radio frequency identification (RFID) and interoperability technologies. It combines inductive readers, inductive cards and point-to-point functions on a single chip to be compatible in short distances. The device performs identification and data exchange. The working frequency is 13.56MHz. However, users who use this mobile payment solution must replace the special mobile phone. This technology is widely used in Japan and South Korea. Mobile phone users can travel all over the country with their mobile phone with payment function: their mobile phone can be used as airport check-in verification, building access key, traffic card, credit card, payment card, etc.

1, NFC mobile phone

An NFC phone is a mobile phone with an NFC module. Common NFC mobile phones on the market include Samsung I9308 (S3), Samsung I9508 (S4), HTC New One (802t), ZTE U807N, Huawei T8950N, Xiaomi 2A, Xiaomi 3 and other models. It is estimated that by the end of December, the number of listed NFC mobile phones will grow to around 20, covering many domestic and foreign brands such as Apple, Samsung, HTC, Sony, Lenovo and Xiaomi. Apple recently approved two new patents related to NFC technology, and the industry speculated that it might apply the technology to the Iphone6 model. According to market research firm ABIResearch, the sales of NFC mobile phones will reach 500 million in 2014, and the penetration rate of NFC mobile phones in 2015 will exceed 50%.

NFC mobile phone

NFC mobile phone

2. NFC payment terminal

Mainly include NFC cash registers (NFC POS machines) and NFC vending machines, NFC card readers and so on.