The obstacles of NFC mobile payment development in Finland : security issues of NFC mobile payment
- Publisher: Lahden ammattikorkeakoulu
In the recent years, with the rapid development of science and technology in the consumer markets, payment terms are being promoted much faster than ever. It is considered that NFC Mobile payment will enjoy a great prospect. NFC Mobile payment technique, which is based on the RFID technology, has been growing popularity.
Near Field Communication (NFC) is the proximity standard for the proximity cards that can be modified to allow integration of the technology into a cellular phone. NFC technique can therefore be used to replace key cards and credit cards such as Visa and MasterCard. Moreover, the most popular payment function in Finland is magnetic card consumption.
The main objective of this research is to provide a clear view of NFC Mobile payment in Finland. Data was collected by an interview and through observation.