Near Field Communication (NFC) is an international standard for the contactless exchange of data over short distances (up to 4 cm). NFC technology has been used since 2012 on savings bank cards for the payment of small amounts (up to 20 euros). Smartphones are also increasingly being equipped with NFC technology.
Source: Gabler Banklexiko, Jürgen Moormann, 2024
www.gabler-banklexikon.de/definition/nfc-70659
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