In the recent times, advancements in mobile technology
have been astounding. What is more stunning is the rate at which these
developments have occurred. From what used to be a handheld device that
enabled talking and texting, mobile phones today can perform numerous
tasks that require high levels of artificial intelligence. One of the
most amazing developments in mobile technology is the NFC or Near Field
Communication. This technology converts your mobile phone into your
virtual credit or debit card. The uses and functionality of the
technology are immense. NFC has definitely made payments via mobile
phones faster, easier and safer. In doing so, it has set the foundation
to substitute conventional credit and debit cards.
More details: Mobile or credit card or debit card
If someone takes your phone then your bank account would be at risk then... I don't think that this is a safer method.
ReplyDeletethis is a good thing in university we have a way of keeping money on the ID card the university provides us and only we can use the card. Using this we don't need to carry a debit or credit card at all. Although the banks do suffer in this process as people don't keep money with the bank but when with the university its safer and more convenient to use on the campus.
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