NFC may be most well known for mobile payments, where it powers services like Apple Pay and Google Wallet. These solutions make shopping simple, with tap-to-purchase and added security.
Instead of using the same credit card number for each transaction, mobile payment solutions leverage the power of NFC card emulation to generate a single-use transaction key that can only be used once and expires within seconds. This technology makes it nearly impossible for bad actors to make unauthorized charges on an account.
Because NFC chips can be embedded into physical products, any item can become its own payment terminal. With just a tap a customer can interact with an embedded product to make a purchase. Empowering objects to sell themselves streamlines the shopping experience and eliminates the need to stand in line to checkout.