NFC vs EMV-Contactless Top Differences

I have shared the differences between EMV-contactless and NFC cards. Both the features look the same but technically how these two different explained.

What is NFC?

Near-field communication (NFC) is a set of communication protocols that enable two electronic devices, one of which is usually a portable device such as a smartphone, to establish communication by bringing them within 4 cm (2 in) of each other.

NFC devices are used in contactless payment systems, similar to those used in credit cards and electronic ticket smartcards, and allow mobile payment.

“So many things are possible, just as long as you don’t know they are impossible.”

–Norton Juster

What are EMV-Contact and Contactless Cards?

EMV-contactless cards and NFC mobile payments share common features and represent a new wave of cross-functional payment applications that will gradually replace magnetic stripe technology, enhancing payment cards and mobile wallets.

  • EMVCo is currently owned by American Express, JCB, MasterCard, and Visa. EMV is a standard for secure transactions that take place between chip-based payment cards and payment systems.
  • Electronic chips are being integrated into all major payment card brands to enable secure transactions at POS terminals and ATMs.
  • EMV is a well-defined set of specifications that covers several methods for authentication, risk management, and transaction authorization.
  • EMV-contact transactions take place physically by inserting an EMV contact payment card into an EMV reader.
  • EMV-contactless transactions take place by presenting an EMV contactless card in front of an EMV reader at a short-range (less than 4 cm) to enable radio frequency communication. (Source: Read more)

Related Posts

Author: Srini

Experienced software developer. Skills in Development, Coding, Testing and Debugging. Good Data analytic skills (Data Warehousing and BI). Also skills in Mainframe.