Small businesses and national retailers alike are learning about the advantages for emerging payment tech like NFC. Near-field Communications is the broad term referring to standards for wireless communications typically between a reader and a chip. The chip can be in a phone or a card or a sticker, and the reader can be at a POS terminal, in a phone or another handheld.
The nature of NFC and loyalty working together comes down to the transmission of secure personal information, transaction data, offers, and payment authorization, all of which is facilitated by a mobile wallet of some kind.
There are also other ways small businesses can take advantage of value-added services at retail POS using innovative alternatives like geo-fencing, code scanning, and more.