Credit Card Glossary: Terms and Definitions
		Confused by credit card terms? CreditCards.com's glossary of credit card definitions will help. From account holder to Regulation Z, we have defined the most-common and most-confusing credit card terms.

Near Field Communication

Near Field Communication (NFC) is a wireless technology that allows data to be exchanged between two different devices -- say, a credit card or a cell phone and a credit card terminal -- from a short distance away. If your phone has NFC, you can swipe it like a credit card near a terminal, and the phone's Internet browser reaches a remote Web server to approve payment. NFC is used in "contactless cards," which many card issuers are introducing for use at special terminals in stores.