#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◄◄ ✎⁇ Ask a question - Get a YouTube VIDEO Response✎⁇ Statistics Cited in this Video: Source Reference → 💗Share this video with your friends: ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 📞 Schedule a payment consultation here📞 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 👉Follow Me (Websites & Social): Sign Up For a Merchant Account: Merchant Account & Payments Processing Blog: Consulting Services: FaceBook: LinkedIN: Twitter: [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.