Credit Card Glossary: Terms and Definitions
Near Field Communication (NFC) is a wireless technology that allows data to be exchanged between two different devices — say, a cellphone and a credit card terminal — from a short distance away. If your phone has NFC, when you hold it near a properly equipped terminal, the phone and the terminal communicate. The terminal in turn communicates with a remote computer to approve payment.
Terms from A-Z
Search the CreditCards.com glossary for every credit-related term from "account holder" to "zombie debt." Select a letter for alphabetized terms and definitions.