NFC technologies for identification and contactless payment

Abstract

Since the birth of Internet, electronic money and electronic payment system have gradually appeared in various forms in the trade transaction scene, but the payment method and information security of the transaction are still one of the problems that need to be improved. With the popularity of intelligent elec-tronic devices and the improvement of electronic money payment system, NFC payment, as a new mobile payment method, has gradually received widespread attention and application in all walks of life and our Daily life. This paper aims to explain the working principle, characteristics and future trend of NFC payment system in electronic money payment system.