NFCgreiðslur

NFCgreiðslur refers to Near Field Communication payments. This technology allows for contactless transactions using compatible devices such as smartphones or dedicated payment cards. NFC is a short-range wireless communication technology that enables two electronic devices to communicate when they are brought within a few centimeters of each other. When used for payments, a customer's NFC-enabled device is held near a point-of-sale terminal that also supports NFC. The transaction details are then securely transmitted between the two devices. This process eliminates the need to physically insert or swipe a card and often does not require a signature for smaller transactions, making the payment process faster. Security for NFCgreiðslur is typically achieved through tokenization, where sensitive card information is replaced by a unique token for each transaction, and often requires additional authentication like a PIN or fingerprint on the user's device. The adoption of NFCgreiðslur has grown significantly as it offers convenience and speed for consumers and businesses alike.