What is NFC – Is this Payment Method Really Reliable?
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The new credit cards offer this. But what do you think of NFC? What is NFC, by the way? Did you know that it is one of the newest payment methods?
So, now let's learn a little more about the technology and find out if it is really safe to make your payments this way.
It's like “sit and cry“After all, if you pull over, you pay! There’s no mistake.
What is NFC
Does the name scare you? What you can't do is stay out of this new thing. Very easy, the acronym in English Near Field Communication make your payments just by touching the machines.
And it's nothing new, it's been on the market for over 10 years. And, of course, like every new thing, fear arises, which manifests itself in doubts.
After all, we are in uncharted territory, especially when it comes to money.
NFC transactions
Now that you know what NFC is, you need to know how transactions work. Yes, they need to be up to 4 centimeters away to be able to make the payment.
Of course, like all technology, there is room for fraud. But that doesn't necessarily mean it's insecure. There is a purchase limit of up to 50 reais that doesn't require a password to be confirmed.
After the limit, only with it – the famous 6-digit password that only you have. This feature is to inhibit the action of scams. In fact, you can even enter a maximum daily spending limit.
Around the world
Each country has adopted its own policy, and in the US there is no need to use a chip and password. And that doesn't make it any less safe. There you can spend up to $100 without a password.
Then, in the UK, you can only spend £30 without a PIN. So, it's much easier for you to be robbed than for someone to approach you with bad intentions.
In some countries, around 90% of electronic payments are made via NFC. This does not make the scam rates higher.
Smartphones
They are also technology owners, as it is easy for your cell phone to become your wallet.
But remember: it is impossible to make transactions with the screen locked. Before making transactions, you need to unlock your PIN or fingerprint or facial recognition.
In fact, if they detect the same machine more than once, they identify it as canceled.
Now that you know what NFC is
Various digital accounts have this technology system. Among them, PagBank, Itaú bank itself, mobile apps and various options available on the market.
Visa offers this feature, making it possible to turn your cell phone into your wallet. For example, you can make payments with Apple Pay, for Iphone, Google Pay or Samsung Pay.
Just ask your card issuing bank to find out if the technology is available.
*Research source: https://www.techtudo.com.br/noticias/2019/08/o-que-e-nfc-no-celular-como-funciona-e-para-que-serve-a-tecnologia.ghtml
