A Review on NFC for Secure Transaction its Fundamental Challenges and Future Directions

Near-Field Communication (NFC) payment solutions are contactless payment solutions which harness the short-range communication capabilities and existing RFID infrastructure. The increasing availability of NFC enabled devices indicates a potential increase in usage of NFC based payment solutions becoming more ubiquitous. In this review, we summarize the working of NFC based solutions, the past works, and concerns with respect to adoption of NFC based payments, the industry standards and how the present scenarios can help or be improved in-order to use NFC based payments on E-Commerce websites. This review aims at gathering input to build an enhanced NFC based payments solution that addresses the existing concerns, improves convenience and is also compliant with industry standards.