As the number of COVID-19 cases continues to rise, many businesses and shoppers are more inclined to make contactless payments which in the first quarter of 2020 showed a massive jump. Since the payment phenomenon has risen prominently, NFC-enabled payments around the world are sure to grow.
Contactless payment is a highly encrypted, secure payment method for purchasing goods or services using devices or cards allowed by NFC (near field communication). It activates NFC chips to exchange encrypted data for the transfer of funds once the reader and payment device are nearby. Simply put, you wave your smartphone in front of an NFC-powered payment terminal to perform the transaction, without touching. NFC encrypted payment apps like Google Pay, Samsung Pay, or Apple Pay to make the contactless payment happen on the mobile device. Some credit and debit cards also have contactless capabilities embedded in chips which you can wave or tap to pay on a reader activated by NFC. Many credit and debit cards do have contactless functionality embedded in chips, which you can wave or tap to pay on a reader enabled by NFC.
This update is by “You Can Put It Anywhere” On The Fly POS, a business point of sale app focused on being easy to use, yet providing a highly effective digital tablet system. Our system integrates seamlessly with modern POS systems. Features include easy payment processing, a user-friendly backend, email or printed receipts, and support for high-quality photos and video. For more information or to schedule a demonstration, visit our website or email email@example.com.