A flaw with contactless payments, NFC that has been overlooked

For 2000 years man has been using some tangible forms of currency to do trade. Whether it be coins, paper currency or even plastic. In the last 10 years or so we are looking at making the transaction cashless and contactless. This has happened due to two main trends in the world – digitization and going wireless/hassle-less. So why should Money be left behind. That’s where NFC, a contactless payment technology comes into picture. Its rate of adoption has not been up to the mark but hype has been. NFC programs got delayed for various reasons and even when they were ...

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