NFC or Near Field Communication is a term you must have begun to hear quite often these days. Many of you out there might be wondering what it is. NFC is a technology that allows two devices having NFC chips installed in them conduct transactions or exchange of data and information with a single touch. An NFC enabled device preferably a Smartphone or a modern day Tablet PC could take up the role of a Banking (credit or debit) card or even serve as an identification tag like an ID or even as a locking key card.

Today the biggest sector adopting the NFC technology is Smartphones. Mobile handset manufacturers are adopting the technology for implementation in their popular and high end Smartphones. Even though now the technology is available in only premium mobiles that are on the higher end of the pricing spectrum, the rise in competition will soon bring down prices and will force manufacturers to invent new applications and concepts based on the NFC technology.

Firms have already started experimenting with the technology as we can see from the latest announcement of Nokia regarding the NFC technology. The company has created an online store that will comprise NFC technology scripted goods such as posters, stickers, tags, etc. The store will make these items available to various forms of businesses today. These items can be easily accessed by other firms and help them provide their customers with new breed of technology that is innovative and simple.

Mobiles as we all know is the best area of applications as far as NFC technologies are concerned. But the lack of awareness of the potentials of the technology has so far prevented mobile technologies from experimenting with the technology. Now Nokia has found a method to make the technology available to the end user in a useful manner.

The Online store has been named by Nokia as NFC Hub. By making use of the data and transaction capabilities of Near Field Communication technology businesses can now use it to make highly useful interactions with their customers.

The best example is that now retail stores and hotels can allow users to use their NFC capable handsets to pay for the goods purchased or services used by just keeping the mobile in close proximity to the NFC enabled payment machine and this totally eliminates the need for customers to carry either cash or their credit cards.

Near Field Communication technology is expected to be a major force in the near future when more manufacturers will cash in on Nokia's ideology and we can expect mobiles to offer a whole dimension of utilities by harnessing NFC technology.

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