What does your business need to do to be ready for NFC?
Mobile payments via Near Field Communication (NFC) has been a very popular topic in the processing world recently. Many groups feel adoption will be fast, but it definitely will not be here tomorrow. The question on most business’ minds is “What do they need to do to be ready for NFC?”
No business ever wants to lose a sale because they can’t accept a payment, but it’s not likely that next week customers will be waiving a phone at you wondering why you are not smiling and handing them their purchase. Many analysts have pointed out that without major cell phone manufacturers adding NFC chips to phones mobile payments via NFC may never happen.
Recently First Data questioned the adoption of Mobile Payments and if it means that NFC is dead. One of the biggest problems identified was the ease of use. With few customers able to pay via mobile it is unlikely NFC will be a viable method of payment in the next year.
For now lack NFC acceptance will not lose a merchant sales and merchants should not rush to convert in the next year. Keep an eye on smart phones. If Apple launches the next iPhone with an NFC chip its a safe bet NFC will become more prevalent.
To learn more about NFC and other methods of accepting payment Contact Us.
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