NFC Payments Overview

2017 ◽  
pp. 1-42
Keyword(s):  
Mobile Phones ◽  
Short Range ◽  
Near Field ◽  
Mobile Commerce ◽  
Mobile Payment ◽  
Near Field Communication ◽  
Point Of Sale ◽  
Mobile Payments ◽  
Close Range ◽  
User Friendly

NFC payment is the latest mobile payment technology for cashless transactions. Mobile payment is an application of mobile commerce which facilitates mobile commerce transactions by providing the mobile customer with a convenient means to pay. Many mobile payment methods have been proposed and implemented like user friendly, customer centric, merchant centric where security concerns are highly addressed. This chapter discusses the evolution of mobile payments that describes different technologies like SET, Barcode, Biometrics and also Near Field Communications that provides a platform for many applications for peer to peer transactions and other security features where confidentiality and trust are main concerns. Near Field Communication (NFC) provides means to close-range contactless identification and communications for mobile phones and other devices Also, use of NFC for short range communication allows the possible integration with existing Point-of-Sale equipment and the payment process from the customers and merchants perspective.

scholarly journals An Overview of Near Field Communication and its Application in the Payment Sector

2021 ◽  
Vol 23 (06) ◽  
pp. 556-564
Author(s):  
Roshni Sen ◽  
◽  
Dr. Nagaraj Bhat ◽  
Keyword(s):  
Mobile Phones ◽  
Radio Frequency Identification ◽  
Short Range ◽  
Near Field ◽  
Near Field Communication ◽  
Electronic Payment ◽  
Payment Systems ◽  
Point Of Sale ◽  
Frequency Identification ◽  
Bidirectional Exchange

With electronic payment systems becoming the quintessence of today’s technologically driven society, the integration of Near Field Communication (NFC) technology in this field has made the experience of consumers at point of sale (POS) terminals exponentially favorable. This technology, based on Radio Frequency Identification (RFID) and implemented to allow for short-range communication to be possible, has been adopted worldwide in a variety of applications and has enabled the secure bidirectional exchange of data between two NFC enabled devices. NFC allows communication between two NFC-enabled devices within a range of 10 centimeters. The integration of NFC into mobile devices has greatly increased the capabilities of mobile phones, with the potential to do even more. This occurrence has prompted a number of studies on NFC. At the same time, there are substantial issues about customer satisfaction, privacy, speed, and convenience, among other things.

Financial Experiences, Beliefs, and Near Field Communication Based Mobile Payments Among Young Adults

2020 ◽  
Vol 31 (1) ◽  
pp. 69-82
Author(s):  
Haidong Zhao ◽  
Lini Zhang ◽  
Sophia Anong
Keyword(s):  
Young Adults ◽  
Near Field ◽  
Perceived Usefulness ◽  
Mediating Effect ◽  
Mobile Payment ◽  
Near Field Communication ◽  
Significant Positive Association ◽  
Mobile Payments ◽  
Intention To Adopt ◽  
Nfc Mobile Payment

This study examined a conceptual model on the intention to adopt NFC-based mobile payment that incorporates financial experiences and beliefs. NFC refers to Near Field Communication, a new technology in mobile payments. From an online experimental survey of 463 U.S. young adults, this research found consumers who used cards among their payment methods as opposed to cash-only were less likely to adopt NFC mobile payment. Previous experience in non-NFC mobile payments had a significant positive association with intention to adopt NFC mobile payment. Among the beliefs, consumers with higher trust and higher perceived usefulness about NFC mobile payment had greater intentions to adopt it. Moreover, trust was found to have a mediating effect between non-NFC mobile payment experience and the intention to adopt NFC mobile payment. This study not only provides mobile payment providers with effective marketing strategies to increase consumers' adoption of NFC mobile payment but also provides financial educators with important implications to develop targeted education programs.

Employment and Acceptance of Near Field Communication in Mobile Marketing

2010 ◽  
pp. 190-212
Author(s):  
Klaus-Peter Wiedmann ◽  
Marc-Oliver Reeh ◽  
Henrik Schumacher
Keyword(s):  
Service Providers ◽  
Near Field ◽  
Mobile Commerce ◽  
Mobile Marketing ◽  
Near Field Communication ◽  
Mobile Terminals ◽  
Automated Teller Machines ◽  
Open Questions ◽  
Basic Technology ◽  
User Friendly

Near Field Communication (NFC) is a short-distance wireless technology which allows user friendly networking of mobile terminals, e.g., cellular phones and PDAs, as it does with stationary units like Automated Teller Machines (ATM). Hardware producers, network operators and service providers are willing to implement NFC technologies in order to offer new services to their customers. The main goal is to increase the attraction of the underdeveloped areas of mobile commerce and make them more interesting for owners of mobile devices. If and how much real potential there is in NFC as a basic technology to really provide new impulses in mobile commerce and mobile marketing so that a higher acceptance can be reached are remaining open questions. This chapter tries to approach these questions and to provide possible answers by outlining relevant applicative examples and further configuration options of NFC technology as well as by discussing their acceptability.a

scholarly journals Design of Prototype Payment Application System With Near Field Communication (NFC) Technology based on Android

2012 ◽  
Vol 1 (1) ◽  
pp. 1-12 ◽  
Author(s):  
Huda Ubaya
Keyword(s):  
Near Field ◽  
Mobile Commerce ◽  
Near Field Communication ◽  
User Needs ◽  
Electronic Money ◽  
Application System ◽  
Business World ◽  
Mobile Payments ◽  
Information Order ◽  
Financial Transactions

Since the late 1990s, people have enjoyed a comfortable lifestyle. Mobile devices supported by the development of wireless networks have spread throughout the world. People can get information, order tickets, download songs and perform commercial transactions, called mobile commerce. Mobile commerce applications become the most popular application for mobile device users who want to do business and financial transactions easily and securely, anytime and anywhere they are. Today the use of physical cash is experiencing a decline in popularity in the business world, because it is being replaced by non-physical payments are often called electronic money (e-money). An important technology behind mobile payments is called Near Field Communication (NFC). As an indication that the NFC has tremendous business potential, leading companies like Nokia, Microsoft, Visa Inc., and MasterCard Worldwide and NXP Semiconductors, is actively engaged on them. Payment processing integrated with NFC technology based mobile operating system that is a trend today is Android that support NFC technology is version 2.3.3 Gingerbread. The prototype application is designed to pay for 2 on the user side of the user as consumer and the merchant side as a trader or seller by using the handset that already have NFC technology is Google Samsung Nexus S. Pay an application prototype also implements the concept of security in e-commerce transactions by using the protocol-to-Tag Tag so that the user needs for security and comfort during the financial transaction are met. DOI: 10.18495/comengapp.11.001012

Employment and Acceptance of Near Field Communication in Mobile Marketing

2012 ◽  
pp. 1868-1890 ◽  
Author(s):  
Klaus-Peter Wiedmann ◽  
Marc-Oliver Reeh ◽  
Henrik Schumacher
Keyword(s):  
Service Providers ◽  
Near Field ◽  
Mobile Commerce ◽  
Mobile Marketing ◽  
Near Field Communication ◽  
Mobile Terminals ◽  
Automated Teller Machines ◽  
Open Questions ◽  
Basic Technology ◽  
User Friendly

Near Field Communication (NFC) is a short-distance wireless technology which allows user friendly networking of mobile terminals, e.g., cellular phones and PDAs, as it does with stationary units like Automated Teller Machines (ATM). Hardware producers, network operators and service providers are willing to implement NFC technologies in order to offer new services to their customers. The main goal is to increase the attraction of the underdeveloped areas of mobile commerce and make them more interesting for owners of mobile devices. If and how much real potential there is in NFC as a basic technology to really provide new impulses in mobile commerce and mobile marketing so that a higher acceptance can be reached are remaining open questions. This chapter tries to approach these questions and to provide possible answers by outlining relevant applicative examples and further configuration options of NFC technology as well as by discussing their acceptability.

Universal Approach to Mobile Payments

2009 ◽  
pp. 2280-2288
Author(s):  
Stamatis Karnouskos ◽  
András Vilmos
Keyword(s):  
Mobile Phones ◽  
Business Models ◽  
Mobile Commerce ◽  
Mobile Payment ◽  
Future Trends ◽  
Mobile Payments ◽  
High Penetration ◽  
Universal Approach ◽  
Further Development ◽  
Day By Day

An old saying coming from the telecom world states that nothing can be really considered as a service unless you are able to charge for it. The last several years have seen a boom in interest in mobile commerce, mainly due to the high penetration rates of mobile phones. Furthermore, there is evident the need for a real-time, open, and trusted payment service that can be used any time, anywhere, and that can handle any transaction in any currency. Such a service would promote not only content creating activities but would empower the electronic and mobile commerce area and kick-start new innovative services. The time is right for such a mobile payment service, because the infrastructure, the business models, and other conditions that favor its existence are realistic and in place (Vilmos & Karnouskos, 2004). Up to now, we have witnessed the rise and fall of several efforts in the area, ranging from realizing simple intangible good purchases, up to interaction with real points of sale (POS) and person-to-person (P2P) transactions. Day by day, new trials are initiated, targeting different sections in the MP area; however, there is still no solution that is open and widely accepted. In this article, we first introduce the reader to the mobile payment area, present the guiding forces behind it, and subsequently examine such an open, secure mobile payment approach that has been successfully designed, implemented, and tested. Furthermore we identify some midterm future trends that we consider will be of high importance to the further development of the area.

Consumer and Merchant Adoption of Mobile Payment Solutions

2009 ◽  
pp. 1626-1639
Author(s):  
Niina Mallat ◽  
Tomi Dahlberg
Keyword(s):  
The Netherlands ◽  
Mobile Phones ◽  
Mobile Commerce ◽  
Mobile Payment ◽  
Mobile Service ◽  
Enabling Technology ◽  
Discussion Section ◽  
Mobile Payments

As payments by mobile phones are an enabling technology, the adoption of mobile payments is believed to significantly influence the successful emergence of electronic and mobile commerce. In recent years, several mobile payment solutions have been launched, including the Mobipay in Spain, Moxmo in The Netherlands, M-pay in UK, and Pan-European SimPay. With the exception of mobile service purchases, however, consumer and merchant acceptance of these solutions has remained marginal. We discuss consumer and merchant adoption of mobile payments and suggest drivers and barriers for this adoption. We also describe potential mobile payment application areas and identify areas in which mobile payments have the highest and lowest possibility to succeed. The information is based on extensive research conducted among Finnish consumers and merchants. The relevance of the results to other markets also is considered briefly in the discussion section of this chapter.

Consumer and Merchant Adoption of Mobile Payment Solutions

2011 ◽  
pp. 32-50 ◽  
Author(s):  
Niina Mallat ◽  
Tomi Dahlberg
Keyword(s):  
The Netherlands ◽  
Mobile Phones ◽  
Mobile Commerce ◽  
Mobile Payment ◽  
Mobile Service ◽  
Enabling Technology ◽  
Discussion Section ◽  
Mobile Payments

As payments by mobile phones are an enabling technology, the adoption of mobile payments is believed to significantly influence the successful emergence of electronic and mobile commerce. In recent years, several mobile payment solutions have been launched, including the Mobipay in Spain, Moxmo in The Netherlands, M-pay in UK, and Pan-European SimPay. With the exception of mobile service purchases, however, consumer and merchant acceptance of these solutions has remained marginal. We discuss consumer and merchant adoption of mobile payments and suggest drivers and barriers for this adoption. We also describe potential mobile payment application areas and identify areas in which mobile payments have the highest and lowest possibility to succeed. The information is based on extensive research conducted among Finnish consumers and merchants. The relevance of the results to other markets also is considered briefly in the discussion section of this chapter.

Near Field Communication Enabled Mobile Payments: Preliminary Study

2018 ◽  
Vol 7 (2.34) ◽  
pp. 60
Author(s):  
Imtiaz Ali Brohi ◽  
Najma Imtiaz Ali ◽  
Asadullah Shah ◽  
Madihah Bt. S. Abd. Aziz ◽  
Mohd. Izzuddin Bin Mohd. Tamrin
Keyword(s):  
Pilot Study ◽  
Ubiquitous Computing ◽  
Technology Acceptance ◽  
Near Field ◽  
Mobile Payment ◽  
Near Field Communication ◽  
Payment Model ◽  
Mobile Payments ◽  
Use Of Technology ◽  
Preliminary Study

The ubiquitous computing has made consumers life easy, it has given the new way to interact with family and friends and perform many activities which were impossible in previous time. One of the profound achievement of ubiquitous computing is Mobile Payment and an advanced mode of the mobile payment is the near field communication mobile payment. In this study the authors have proposed theoretical  near field communication mobile payment model that is based on extended unified technology acceptance and use of technology (UTAUT2) .In this paper, the author have performed the pilot study to validate the variables and to verify their reliability among the proposed items.  The results has proven that there is a reliability among the items in variables, as the Cronbach’s alpha value for the variables is above or equal to 0.7. 

Adoption of Near Field Communication (NFC) for Mobile Payments in the UAE

2016 ◽  
Vol 12 (4) ◽  
pp. 38-56 ◽  
Author(s):  
Mohanad Halaweh ◽  
Hashem Al Qaisi
Keyword(s):  
New Technology ◽  
Near Field ◽  
Payment System ◽  
Mobile Payment ◽  
Near Field Communication ◽  
Structured Interviews ◽  
Technology Infrastructure ◽  
Mobile Payments ◽  
Nfc Mobile Payment ◽  
Exchange Data

Near Field Communication (NFC) is one of the emerging technologies that enables mobile devices to wirelessly exchange data at short ranges. NFC technology has great potential, making it convenient to process payments through mobile phones. The aim of this research is to explore the challenges and factors which influence the adoption of the NFC payment system by merchants and retailers in the UAE. This paper presents the results of semi-structured interviews conducted amongst the UAE merchants and retailers. The analysis of data revealed a lack of knowledge, awareness and experience, from both merchants and retailers, about the NFC mobile payment system. Security, promptness and business sustainability were found to be important factors for merchants to contemplate before adopting the new technology. Furthermore, technology infrastructure, switching cost, availability and ecosystem complexity impeded the spreading of NFC mobile payment technology in the UAE market.

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