A Review on NFC and NFC-Based Mobile Payment Solution
Near Field Communication (NFC) is a wireless technology operating in the short range of four to ten centimeters for communication. It is based on Radio Frequency IDentification (RFID) technology. For a communication, an NFC device generates a radio frequency in 13.56 MHz spectrum. In this paper, the authors outline the fundamental operating principle of NFC and its performance, present the basic architecture of NFC-equipped mobile communication systems, and then discuss on the mobile payment solutions with the focus on benefits of NFC technology as compared to existing popular solutions.