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RBA Glossary definition for NFC

NFC – Near Field Communication

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Glossary

22 Jan 2024
A glossary of terms used on the RBA website
https://www.rba.gov.au/glossary/

Card Payments

27 Nov 2023 RDP 2023-08
Tanya Livermore, Jack Mulqueeney, Thuong Nguyen and Benjamin Watson
Mobile wallets allow in-person payments to be made by using the near field communication (NFC) functionality of the mobile device by tapping the device on or near a compatible terminal.
https://www.rba.gov.au/publications/rdp/2023/2023-08/card-payments.html
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Inquiry into Mobile Payment and Digital Wallet Financial Services – July 2021 | Payments System | Submissions

25 May 2023 Submissions
Another key technology that supports the use of NFC for mobile payments is tokenisation. ... German, Swiss and Dutch national authorities have also considered, or are considering, access issues related to NFC.
https://www.rba.gov.au/publications/submissions/payments-system/inquiry-into-mobile-payment-and-digital-wallet-financial-services/index.html

Submission to Payments System Review – January 2021 | Responses and Options Paper

25 May 2023 Submissions
These applications can be used to make contactless payments when shopping online, and at the point-of-sale using the near-field communication (NFC) or quick response (QR) code functionality of ... third-party access to technologies (such as the NFC chip)
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html

Issues for the Review | Review of Retail Payments Regulation – Issues Paper

9 Mar 2023
Review of Retail Payments Regulation – Issues Paper
https://www.rba.gov.au/payments-and-infrastructure/review-of-retail-payments-regulation/issues-for-the-review.html

Developments in Retail Payments | Review of Retail Payments Regulation – Issues Paper

9 Mar 2023
Review of Retail Payments Regulation – Issues Paper
https://www.rba.gov.au/payments-and-infrastructure/review-of-retail-payments-regulation/developments-in-retail-payments.html

Other issues | Review of Retail Payments Regulation – Conclusions Paper

9 Mar 2023
Review of Retail Payments Regulation – Conclusions Paper
https://www.rba.gov.au/payments-and-infrastructure/review-of-retail-payments-regulation/conclusions-paper-202110/other-issues.html

Issues for the Review | Review of Card Payments Regulation

9 Mar 2023
device capable of making contactless transactions via Near Field Communication (NFC) or a QR code.
https://www.rba.gov.au/payments-and-infrastructure/review-of-card-payments-regulation/issues-for-review.html

Potential Gaps | Strategic Review of Innovation in the Payments System: Summary of Consultation – February 2012

9 Mar 2023
This also argues against public intervention. Nonetheless, there was general agreement that mobile payments in Australia are likely to be based predominantly on mobile internet or near-field communication (NFC – contactless) ... including, for instance,
https://www.rba.gov.au/payments-and-infrastructure/payments-system-regulation/past-regulatory-reviews/strategic-review-of-innovation-in-the-payments-system/summary-consultation/potential-gaps.html

Developments in the Card Payments Market | Review of Card Payments Regulation

9 Mar 2023
However, the increasing presence of near-field communication (NFC) chips in smartphones and new approaches to utilising those chips is likely to see digital wallets increasingly enabled for point-of-sale
https://www.rba.gov.au/payments-and-infrastructure/review-of-card-payments-regulation/developments-card-payments-mkt.html