Near field communications (NFC) is a wireless communications technology protocol that enables devices positioned in close proximity to one another to share information.
Because it is generally more secure than other wireless technologies, NFC has been widely adopted as a protocol for financial and payment applications. However, the future for NFC-enabled technologies extends beyond financial transactions to encompass a host of additional uses, including wearable technologies, secured location access, transportation applications and even improved healthcare delivery. As such, devices incorporating NFC technologies are poised for explosive growth in the years ahead.
This UL white paper provides an overview of NFC technology, its benefits and its potential future uses. Beginning with a brief review of the technical foundations of NFC, the paper identifies the current and anticipated uses for devices incorporating NFC technology as well as the projected market growth of NFC-based applications. The paper then reviews the requirements of standards applicable to NFC-equipped devices, and concludes with some recommendations for manufacturers seeking to leverage NFC technology in their products.