It’s based on radio-frequency identification (RFID), which is a similar technology that had been in use for some time using radio waves. NFC technology was developed by the companies Sony and Philips in the early 2000s. Continue reading below to learn about the details and how your business can benefit from NFC technology. If your business isn’t already using near-field communication (NFC) payments, you might be curious about what they involve and how you might be able to get started. Member FDIC.In the world of payments today, there are seemingly countless ways to complete a transaction. Deposit products and related services are offered by JPMorgan Chase Bank, N.A. Products not available in all states.īank deposit accounts, such as checking and savings, may be subject to approval. JPMS, CIA and JPMCB are affiliated companies under the common control of JPMorgan Chase & Co. Certain custody and other services are provided by JPMorgan Chase Bank, N.A. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. Insurance products are made available through Chase Insurance Agency, Inc. Morgan Securities LLC (JPMS), a registered broker-dealer and investment adviser, member FINRA and SIPC. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Past performance is not a guarantee of future results.
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