![]() Google Pay is Google’s mobile wallet technology and one of the more popular NFC mobile payment apps. The transaction time is super fast, unlike credit card transactions, which can take several seconds (chip cards, in fact, are noticeably sluggish). NFC mobile payments are also the fastest way to pay. ![]() As opposed to magstripe cards (which are prone to fraud), NFC payments have multiple layers of security involved in the transaction, designed to protect bank details. In addition to EMV chip cards, NFC mobile payments are part of our charge toward more secure, authenticated ways to pay. This type of payment, called a “contactless” or NFC payment, uses near field communication to transmit information from a mobile device to a payments reader. Instead of swiping or dipping credit cards, they’re holding their mobile device over the POS terminal. You might have noticed a change in the way people are paying at stores lately.
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