NFCnærfletigreiðslur

NFC nærfletigreiðslur, often shortened to NFC payments, refers to a contactless payment method that utilizes Near Field Communication (NFC) technology. This allows for secure transactions between a payment device, such as a smartphone or a dedicated contactless card, and a point-of-sale terminal. For a transaction to occur, the payment device must be brought within a very close proximity of the terminal, typically a few centimeters, hence the term "nærfletigreiðslur" which translates to "near-field payments" in Icelandic.

The underlying technology, NFC, is a subset of radio-frequency identification (RFID) that enables two electronic devices to communicate when they are brought close to each other. In the context of payments, this communication is encrypted to protect sensitive financial information. When a user wishes to make a payment, they simply hold their enabled device near the contactless reader. The devices then exchange the necessary data to complete the transaction, often requiring a PIN or biometric authentication on the payment device for verification, especially for larger amounts.

NFC nærfletigreiðslur have become increasingly popular due to their speed and convenience. They eliminate the need to swipe or insert a card, significantly reducing transaction times. Furthermore, the security protocols involved, combined with the short communication range, make them a generally secure method of payment, reducing the risk of data interception compared to traditional magnetic stripe transactions. Many modern smartphones and credit cards now support this technology.