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Everything You Need To Know About NFC Technology & Why NFC Payments Are The Future

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Melissa Johnson

Melissa Johnson

Melissa Johnson has been writing about payment processing and mobile payments since 2014, and has been quoted in articles for Credit Karma and The Next Web, among others. She graduated from The University of Kansas in 2010 with bachelor's degrees in English and journalism.

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3 Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    Les Proud

    Just thinking on the cryptocurrency angle. Is it possible to turn a mobile phone into a NFC cryptocurrency merchant terminal? Thus allowing customers to pay via NFC from their cryptocurrency wallet on their phone.

      This comment refers to an earlier version of this post and may be outdated.

      Jessica Dinsmore

      Hi Les,

      As far as we know, no mainstream payment processor offer the ability to accept cryptocurrency via NFC or any sort of card-present transaction.
      There’s certainly been rumors and discussions about NFC cards that could be loaded with cryptocurrency & the infrastructure exists to facilitate the payments, but it’s simply not something that processors seem to be interested in at the moment.

        This comment refers to an earlier version of this post and may be outdated.

        Jeffrey

        Comment – Does this technology give the not so savy person on opportunity to steal your information right off of your phone or Android Wearable Device without you knowing it? Yes I saw the comment that the device needs to be two inches away but with Blue Tooth it is a bit further. I would think that a good tech would come up with a reader in the future that would read someone’s device or wearable with a bump or a shove and no one would be the wiser. Is there any type of prevention?

          This comment refers to an earlier version of this post and may be outdated.

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