Have you ever left your wallet at home? Or your credit card in the pocket of the jeans you were wearing last night and didn’t realize it until you tried to get gas? I recently had the card in the pocket issue and my gas gauge was on empty and I didn't have any other form of payment on me. I ended up having to call my husband to come to my rescue! If I had Near Field Communication enabled on my phone, I would have been just fine. Near Field Communication (NFC) allows you to use your smartphone as your credit card, and I’m never without my phone..I always know where it is.  Leaving your wallet at home won’t be such a problem soon and you can get gas without your credit card.

 

How Does it Work?

NFC allows smartphones or other devices (tablets, e-readers, etc.) to communicate with each other through radio waves, as long as they are within a close proximity. NFC devices have a chip installed that transmits a signal to other NFC-equipped devices when they are within a few inches of each other. To make a purchase using NFC, you tap your NFC enabled phone to the NFC terminal, enter your passcode, and off you go.

 

Where Can I Find it?     

Many smartphones and tablets are offering this feature now. As for merchants offering this very fast way of paying, Old Navy, The Container Store, ToysRus, CVS, and Macy’s are a few merchants that are working with Google Wallet to make it quick, easy, and safe for you to shop.

Is it Safe?

Your credit card numbers are stored on secure servers that are encrypted for your safety. To access your payment information while making a transaction, you must enter your secure passcode on your phone. If your phone should be stolen, your information is safe. Without the passcode, there is no way your credit card card can be used. This is definitely more secure than using a traditional credit card where nobody checks the signature!

 

Unfortunately, there is the risk of malware or other unauthorized access to your phone. This is a large concern for organizations that are dealing with Bring Your Own Device (BYOD) and network security issues in the workplace.