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NFC is an acronym for near field communication, a wireless technology that allows devices to talk to each other. In the case of a mobile wallet application, those devices would be a mobile phone and a point-of-sale device, such as a credit card reader at a checkout counter. NFC can be used in other ways beyond credit card transactions. It can integrate with hardware, such as your car, to lock or unlock a door.

NFC is an acronym for near field communication, a wireless technology that allows devices to talk to each other. In the case of a mobile wallet application, those devices would be a mobile phone and a point of sale device at a checkout counter.

Near Field Communications (NFC), is the exchange of information between two devices via wireless signal. For example, a wireless signal emitting from your cell phone can act as a credit card when making a purchase. In the case of a mobile wallet application, those devices would be a mobile phone and a point of sale device at a checkout counter.