Is NFC one of those acronyms that you've heard of but actually have no idea what it is or how it works? If so, it's time to get educated. That's because you're about to hear a lot more about it, especially as contactless payment systems like Apple Pay become more widely accepted. So let's break it down.
NFC, which stands for "near field communication," is the technology that makes contactless payments possible. Contactless payments are transactions that don't require physical contact between a device and the payment reader.