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What is NFC, Mobile Wallets and Mobile Phone Payments - How it works & need to know things about NFC

#nfc #whatisnfc #nfcpayments What is an NFC? It stands for Near Field Communication and it’s the process of transferring data from 1 device to another. We’ll look at NFC payments in this video on how NFC works. ►►Sign Up for a NFC Enabled Merchant Account here◄◄ https://www.bancardsales.com/cardpoin... ✎⁇ Ask a question - Get a YouTube VIDEO Response✎⁇ https://www.bancardsales.com/ask/ Statistics Cited in this Video: Source Reference → https://www.fiserv.com/en/about-fiser... 💗Share this video with your friends:    • What is NFC, Mobile Wallets and Mobil...   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 📞 Schedule a payment consultation here📞 https://www.bancardsales.com/call/ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 👉Follow Me (Websites & Social): Sign Up For a Merchant Account: https://www.bancardsales.com/cardpointe Merchant Account & Payments Processing Blog: http://www.bancardsales.com Consulting Services: http://www.BrianManning.CO FaceBook:   / brian.a.manning   LinkedIN:   / brian.a.manning   Twitter:   / manningbrian   [from the script] So first off, what is NFC? It stands for “Near Field Communication”and very simply, it facilitates the transfer of data (or information) from one NFC-equipped device to another. You can transfer payment data as well as general information such as contact details or pictures and videos. NFC is a communication technology similar to a radio frequency or bluetooth, except it’s designed exclusively to work ONLY within a specific limited range…. And in practice it’s often about a 4 inch range or less! The vast majority of NFC use, involves a mobile phone, and since we’re talking about payment data in this video, we’ll apply this to the transfer of a credit card payment that is stored on the mobile phone inside of a mobile wallet, to the credit card terminal or point of sale device.