Paying with your Mobile Phone with NFC

Mobile phone can never leave us today, they are always with us all the time. According to researchers, in the U.S., 50 percent of children have mobile phones. And today, it can be used to pay stuff. The NFC (Near Field Communication) is a very-short-range wireless connectivity that allows quick, secure two-way interactions among electronic devices. It uses a small chip embedded on phone or plastic card and you can be simply placed it on a reader device like the pad on a debit card terminal, kiosk machine, turnstile or a portable NFC device to initiate a transaction.