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RBA Glossary definition for NFC

NFC – Near Field Communication

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Inquiry into Mobile Payment and Digital Wallet Financial Services – July 2021 | Payments System | Submissions

8 May 2024 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

8 May 2024 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

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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Payments System Regulation and Policy Issues

28 Sep 2022 PSB Annual Report – September 2022
The ACCC, for example, is currently investigating whether the restrictions Apple places on direct access to the near-field communication (NFC) chip in Apple mobile devices for third-party digital wallets
https://www.rba.gov.au/publications/annual-reports/psb/2022/payments-system-regulation-and-policy-issues.html

Payment Cards

14 Sep 2020 RDP 2020-06
James Caddy, Luc Delaney and Chay Fisher
A mobile wallet is an application on mobile devices like smartphones that stores card details and allows in-person payments to be made by using the near field communication (NFC) functionality
https://www.rba.gov.au/publications/rdp/2020/2020-06/payment-cards.html
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Read me

1 Jan 2020 RDP 2020-01
Benjamin Beckers
Non-Financial Corporate (NFC) Bonds).
https://www.rba.gov.au/publications/rdp/2020/2020-01/read-me.html

Submission to the Senate Select Committee on Financial Technology and Regulatory Technology – December 2019 | Payments System | Submissions

28 Dec 2019 Submissions
near-field communication (NFC) or quick response (QR) code functionality of the mobile device to communicate with a payment terminal.
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/index.html

The Nature of Australian Banks' Offshore Funding

12 Dec 2019 Bulletin – December 2019
Kellie Bellrose and David Norman
Australian banks access large and deep foreign funding markets to supplement their domestic funding.
https://www.rba.gov.au/publications/bulletin/2019/dec/the-nature-of-australian-banks-offshore-funding.html

Abbreviations

17 Oct 2019 PSB Annual Report – 2019
MAS. Monetary Authority of Singapore. MOU. Memorandum of Understanding. NFC. Near field communication chips.
https://www.rba.gov.au/publications/annual-reports/psb/2019/abbreviations.html

Trends in Payments, Clearing and Settlement Systems

17 Oct 2019 PSB Annual Report – 2019
near-field communication (NFC) or quick response (QR) code functionality of the mobile device to communicate with a payment terminal.
https://www.rba.gov.au/publications/annual-reports/psb/2019/trends-in-payments-clearing-and-settlement-systems.html