What is the difference between mobile payments, NFC payments, contactless payments and mcommerce?

As mentioned above, NFC and contactless are neither phone nor credit or debit card specific, the term can be used for both. However these types of payments do currently relate to payments made when the customer and device are both physically present at the point of sale or transaction. Mobile payments as a general term can also apply to shopping carried out online via your browser or an app on your smartphone. This would involve entering RFID credit card details, paying via an iTunes account or possibly having the price of an item purchased online added to your phone network bill. Mcommerce applies to this area of mobile payments – those purchases taking place online as opposed to in store.

Benefits: These various methods of payments arising from mobile are allowing retail and ecommerce stores to integrate multi channel payments and marketing opportunities. More avenues for a customer to shop and pay by can be an excellent addition to a stores services and offerings.

Disadvantage: It can seem difficult to manage multiple channels for shopping and paying. Beginning to introduce multi-channel payments needs a well planned strategy for how they integrate with each other, how they relate to each other and how they can compliment each other. Payment methods need to feel natural, familiar and intuitive to the customer. It’s probably better to have one perfect option than five uncertain options.

RFID contactless card

RFID contactless card is a plastic or paper card which is embedded with a microchip and antenna inside, it is widely applied as access control card, employee ID card, hotel key card, parking card. Dual frequency RFID card is also available on request.

Size:CR80; CR50; size can be customized
Chip Available:
Low Frequency (LF): 125KHz
High Frequency (HF): 13.56MHz
Ultra High Frequency (UHF): 840~960MHz
Card Thickness:From 0.54mm~0.84mm; Thickness can be customized

We are providing RFID cards with various shapes, chips (Low Frequency, High Frequency, Ultra High Frequency) and material to meet different customers’ requirements. Standard RFID credit card size of CR80 is the most common sizes in Nexqo’ experience.

CR80: 86*54mm (3-3/8*2-1/8”)
Card Material: Plastic PVC, BioPVC®, PET and Paper available
Card Surface: Matte/Glossy/Frosted Finish

Chip options:
LF Chips: EM4200, EM4305, EM4450, Hitag256, ATA5577
HF Chips: Mifare S20, Mifare S50, Mifare S70, Ntag213, Ntag215, Ntag216, Desfire2k, Desfire4k, Desfire8k, Plus 2k, Plus 4k, I-Code2
UHF Chips: Alien Higgs3, Impinj Monza 4E, Impinj Monza 4D, Impinj Monza 4QT, NXP UCode

Besides, OPRFID provides programming and encoding services which exactly fit customer’s programming or encoding requirements. Customized information or data could be encoded into the microchip. With doing this, customers could put some corresponding information into the cards to make sure they are running on the right system and belong to the right person.

Available Crafts
All the following features can be added on our RFID cards.
Hot stamp (gold/silver/red), Laser silver/gold, Laser Engraving, Ink jet printing, Scratch off panel, Bar-code/QR code, Thermal printing, Hologram, Embossing, Adhesive sheet, UV ink, Hologram, Hole punch, etc.

What is RFID Technology?

There’s a great deal of public discussion is currently surrounding credit cards that have RFID technology. Many people don’t know what it is, how it works, or what it is for. In brief, RFID stands for Radio Frequency Identification which involves an “RF tag” and a “reader”. These components allow for what they industry calls “contactless payments”.
Here’s some background:
In 2005, the first RF Credit Card was introduced. These “contactless” cards could be simply waved in front of a special reader or swiped through a traditional terminal.
An RFID Credit Card is a standard credit card with a Radio Frequency Microprocessor embedded in it. At its most basic level it is nothing more than a “Read Only” Chip with your personal credit card information embedded in it which can be read by an “RFID Enabled Point of Sale Terminal”.
It has been said that the RFID chip contains all of your pertinent account information, such as the customer’s name, the account number and expiration date of your card (more about this later).
The benefits of RFID credit card transactions are convenience, speed, and the elimination of employee contact with the card. Not having to part with your card reduces the risk of leaving it somewhere. To minimize accidental scanning of these cards, they are designed to be read at a distance of 1 – 4 inches from the reader.
There is, however, public concern as to whether RFID card can be “hi-jacked” by use of an unauthorized RFID scanner with the information then being used for fraudulent purposes. It is important to note that there are two parts to this process: scanning the card to retrieve the information, and then being able to use the retrieved information to make a fraudulent financial transaction. The implication in recent media articles is that it is easy to “hi-jack” the RFID information and that it is easy to then use this information to make fraudulent purchases. But reality is less cut and dry.

Are these new RFID credit card safe?

Summer travel season is upon us. Many of you are already starting to pack for this year’s big trip, and for more than a few of you the likely destination is Europe. That being the case, this is the perfect time to talk about a subject that is creeping more and more into vacation planning – do I need to take a RFID credit card and how safe are they?

A “radio frequency identification” credit card is one that has a chip embedded in the card. The chip contains and broadcasts much of the same information that a traditional card carries on the magnetic stripe on the back. A great many retail establishments in Europe, especially restaurants, no longer swipe credit cards. Rather they read the chip in the card at table side using a device held one to four inches from the card, and essentially the card never leaves the diner’s hands. You can even just hold your wallet up to the scanner. Reports are, in some establishments, no RFID card – you had better be prepared to pay cash.

RFID cards are still not commonly available here. Most of the big card issuers will send you one upon request. Then too, in point of fact, most European establishments will also have a magnetic card reader available to swipe your card should you not have a card with a chip. But as the use of chip embedded cards become the norm abroad, and eventually in this country, the next generation of cards will all likely have them.

Which leads to the obvious question – are they safe?

Since the new technology allows the card to be read while still in the owner’s wallet, can identity thieves steal credit information simply by placing an RFID scanner nearby? The answer seems to be a conditional maybe, but a rather extraordinary set of circumstances would have to be present.

Remember we said the card is read by a scanner held one to four inches from the chip. That would mean a bad guy would have to get his scanner within four inches of your card. Some argue this would be possible by a scammer bumping into you in a crowd and running a wand over where your wallet is – pocket or purse.

Some argue that scammers can develop more highly sophisticated scanners that can work at greater distances, but that will take a leap in technology that would be costly, and in the end probably not worth it.

The current generation of RFID cards represents not only an ease of use for both the merchant and the card holder, but also an advance in protective technology. Most RFID card now being issued encrypts the cardholder’s information. So even if the card is read by a remote scanner, to even access personal information, the scammer must also be able to break the card issuer’s encryption code.

Moreover, RFID card also create a new authentication code for each transaction. Unlike a magnetic stripe card a thief can use over and over until the card is shut down, with a single authentication code it is pretty much a one and done situation for the scammer.

(But if the card contains both a chip and a magnetic stripe, and it physically falls into the hands of a bad guy – you are in the same boat as with any stolen credit card, it can be used until the account is shut down.).

Much of the studies cited as showing the danger of RFID cards are several years old and were based on what can be characterized as first generation cards. Today’s cards are much more sophisticated than those issued three and four years ago.

However, as the summer travel season approaches ads are everywhere on the web, and in print publications, saying you “must” purchase a new scanner proof wallet or risk your card being scanned by a thief in a crowd. These scanner proof wallets usually are aluminum-lined lined or you might be warned you must by card sleeves designed to disrupt unwanted radio waves. But if you are worried, you can accomplish the same by simply wrapping your card or cards in aluminum foil, or an empty Altoids mint tin works just fine.

Or, if you are carrying two RFID cards, carry them together. Anyone scanning them will get interwoven information from both that will be impossible to separate and decipher.

There is no doubt that RFID chips and the wave of the future. By 2017 all U.S. passports will contain chips. There is a new method of embedding radio frequency identification chips in paper allowing for “smart” paper to be used in banknotes, legal documents, and tickets. Already the European Central Bank, the Bank of Japan and the Saudi Arabian treasury are studying chip embed currency.

So, as the say – what’s in your wallet?” If it’s an RFID credit card, you probably don’t have to worry, and if your travel is to many places in Europe, you’ll be ready to handle any transaction.