Question

Contactless cards use NFC technology, which provides customers the improved convenience of speed and security over traditional cards. NFC stands for _________.

• A. National Field Communication
• B. Near Front Communication
• C. Near Field Communication
• D. Near Field Contacts
• E. Near Fold Communication

Answer 1

The correct option is C Near Field Communication

‘Contactless’ debit and credit cards, enable its customers to make electronic payments by just waving the cards near the merchant terminal in lieu of dipping or swiping them.
These cards are based on the Near Field Communication (NFC) technology, which provides customers the improved convenience of speed as these cards require significantly less time than traditional cards to complete a transaction alongwith enhanced security as they remain in control of the customer.