Near Field Communication and Contactless Digital Payments

People will prefer contactless over contact payment due to the increasing penetration of smartphones, speed of transaction and COVID-19. Contactless payments are safer because it's tough to copy the data as compared to cloning a physical card.

In this Business-Oriented course, learn about;

Contactless payments, Near Field Communication, Host Card Emulation, RFID based Digital Payments. Difference between embedded Secure Element (eSE) and HCE, Bluetooth payment, Android Pay, Apple Pay, Samsung Pay, MST Magnetic Secure Transmission,  risk and mitigation, a light touch with technology and backend process. FinTech, Mobile Payment System, Payment Processing, Bluetooth Low Energy (BLE) based Payments, PayPal Video on beacon-based payment.

Please go through the curriculum thoroughly before purchasing the course"

Near Field Communication is a method of wireless data transfer between two devices. Devices like smartphones, laptops, tablets, etc can share data when they are in close proximity to each other. The distance is typically 2 inches apart. This is the same as bluetooth but Near Field Communication technology uses less power and works only when the devices are close. Also, it does not need device discovery or manual sync like Bluetooth does. Near Field Communication technology facilitates contactless peer to peer payments via mobile wallets like Apple Pay, Android Pay, Samsung Pay as well as contactless cards.

To accept such payment types, you need a specialised card reader. The use of this technology has increased during the covid time because it plays a major role in Digital Payments. We are excited to simplify this most talked about contactless digital payment method in the FinTech and digital banking industry, NFC and HCE in this course.

See you there.. Happy Learning.

Thanks

Team - Global Fintech Academy

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