How is NFC different from other payment mechanisms?

How is NFC different from other payment mechanisms?


We have heard a lot about Apple Pay and Google Pay. However, does anyone know what they represent? They are nothing, but NFC mobile payment types. NFC happens to be a major technological breakthrough, which has given consumers the facility of tap-and-go. At the heart of every mobile action is a tiny microchip and radio antenna performing the tap-and-go functions that is near field communication (NFC). This encryption technology is changing the manner in which users are obtaining information, offering payments, and exchanging data across devices. This write up is nothing but a genuine effort to intimate people about the entire spectrum of the NFC mobile payments.

What do you mean by NFC?

This is nothing but a mechanism that permits contactless communication to facilitate data exchange between devices such as smartphones, tablets, and laptops. With NFC at your disposal, you can simply wave your phone in the direction of an enabled device and exchange information without the need of a connection. Given the ease and swiftness, the technology has become a widely used one.

Its way of functioning

It is very convenient to conclude that NFC is nothing but another form of Wi-Fi or Bluetooth technology. All the three work on the mechanism of wireless communication and data transfer, however there is a difference. The NFC functions by utilizing electromagnetic fields, but both Wi-Fi and Bluetooth rely on radio transmissions. NFC happens to be a section of RFID (radio-frequency identification), a technology that helps spot things via radio waves. RFID is not a new phenomenon, in fact, the technology has been in vogue for decades in the form of activities such as scanning things at grocery stores and luggage on baggage claims. The basics behind the technology are very similar, but the operation is restricted to the extent of proximity. For the majority of users the proximity control is an important security aspect considering the crucial part it plays in mobile payment.

Types of NFC devices

NFC devices are of two types: active and passive. Passive devices comprises things such as smart posters, merchandise beacons, and contactless POS terminals. These can make available information for active devices, but cannot obtain external information. As for Active devices, they can dispatch radio-frequency currents that communicate and get data from enabled hosts.

Not a mere digital wallet

NFC can be easily restricted to the aspect of mobile payment, but the reality is that it can be used in many other arenas apart from tap-and-go purchases. NFC can be a potent tool for interactive marketing. Armed with NFC, marketers can easily reach out to their target audience by using instant data and delivering personalized messages. With the help of NFC, it becomes easier to promote loyalty programs and cut out the possibility of gathering multiple rewards cards. The NFC’s ability to engage customers can be best illustrated with the real estate market. By tagging NFC on real estate, signs, or listings a buyer can be helped in various manners. Apart from providing details regarding a property, agents can also give images, floorplans, graphical representation of the whole property, and other things buyers would love to know. This type of interaction can be a very meaningful way to establish valuable connections between brands and their consumers.

Security Concerns

It can be worrisome for some people to perform transactions via mobile phones. After all, everyone desires safety of their data and money. Even with banks and credit card safety is of paramount significance. As far as electronic transactions are concerned there is a modicum of risk. However, payments made via NFCs are considered they are very safe and secure. The data in an NFC transaction is encrypted and dynamic, implying that it keeps on changing, dissimilar to the data on a swipe card, which happens to be static—data remains on the rear of your card. So, NFC is a mechanism that ensures secure monetary transactions.

The way of functioning of Dynamic Encryption

Instead of storing the credit card number of the device, mobile payments utilize something called tokenization. In case of Apple Pay, once a snap of a credit card is taken and loaded into their iPhone, Apple dispatches every particulars to the bank pertaining to the card or network. After this, banks and networks hide the bank details through a series of randomly generated numbers. The number is then sent to Apple, which programs it back into the phone of the user. This implies that the particulars of the account on a phone can’t be exploited by the scamsters. Whenever there is a transaction, the phone dispatches a short-term number to the point-of-sale and this can be used only for that particular transaction. This number is different for any new transaction. Thus the encryption process involved severely restricts the risk of manipulation or theft. On top of this security feature, Apple Pay is also fortified by Touch and Face ID, fingerprint technology of Apple. This means even if you misplace or lose your phone, nobody can do anything with Apple Pay. As it requires either your fingerprint or face to recognize your identity. This also explains why the Apple Pay functions only with the latest iPhone models, that comes with the added layer of protection like Touch ID.

Google Pay and HCE

Contrary to Apple Pay, Google Pay works with HCE, or host card emulation. Over here, the user’s physical card is imitated in a different manner as the account information is kept in the confines of the cloud, as against the device. In this payment mechanism as well a certain degree of tokenization comes into play as the payment data is kept safely in the cloud, however the tokenization method is also cloud-oriented, which according to a few is not that secure.


EMVCo enables worldwide interchangeability and availability of safe mobile payments. The organization is gradually progressing towards stating the architecture, specifications, needs, and type approval processes to complement the EMV mobile NFC payments. These include:

  1. Needs related to the sanctioning of product type
  2. Prime operational criteria for mobile devices
  3. Substantiation processes of a Cardholder
  4. Certification needs like a security assessment for the SE having the payment application
  5. Needs for recognizing EMV application on an equipment
  6. Conforming to a reference application activation user interface (AAUI) on the mobile phone

What future holds for NFC

In the times to come , NFC has a huge opportunity to eliminate every cash card in your purse. Considering the current scenario, the various digital technologies are quickening the prospect of a cashless society. NFC mobile transactions not only lessen the variety of surfaces we come into contact with (i.e., credit card, POS terminal, etc.), it is also very convenient, quick and safer. The time is ripe for companies to look for every possible way to integrate NFC into their mobile strategies. With NFC at your disposal, a safe, swift and smart money exchange environment is within your grip.

How did Bitcoin surge in the backdrop of the fall of USD?

How did Bitcoin surge in the backdrop of the fall of USD?

The fall of the US dollar & the rise of Bitcoin coincided at the same time. So, let us find out the various factors in the background that have led to the consistent descending adjustment of interest rates on US Treasury bonds and substantive easing policies. These policies were instrumental in the selling of large amounts of US dollars, resulting in the fall of the dollar index. Going by the brand new data, the US dollar index has taken a beating and it is now languishing below 93. This fall is not only the steepest of this year, but also happens to be a two-year low. As for the US dollar offshoots market, short positions have also hit a new peak since April 2018. In fact, Global Hedge funds are expecting further erosion of the value of the US dollar: The betting pegs USD downfall to approximately $5.3bn this week to reach $24.5bn. Purely from the perspective of association, the connection amid Bitcoin & US dollar & gold & US dollar decreased, at the same time the interconnection between Bitcoin & gold strengthened. This has made gold & Bitcoin to realize their potential in the light of a tumbling US dollar index.

Demand for yellow metal surges

The economic prospect of gold can easily be explained by the downfall of the US currency, which has created a global demand for safe-haven assets like yellow metals. However, Bitcoin has some distance to cover to emerge as a safe-haven asset, the fact can’t be denied that it has the potential to be an alternative investment to gold. Also, as gold continues to dominate the mind of people, the greenback will increasingly flow to Bitcoin and other crypto currency avenues.

USD turns to USDT

Meanwhile, the demand for gold has come down, implying that more US currencies have made their way into the digital currency arena for stamping than before. Later on, these US dollars were turned into USDT, some of them made it to the exchanges. The USDT’s inpouring into exchanges improved by 282,539,130 USDT to 725,857.429 USDT on July 27, an important single day surge in 143 days. Despite a huge sum of USDT going into exchanges, data from Glass node indicates that the USDT amount is diminishing since April. During the same time, the Bitcoin equilibrium of exchanges has risen. Based on this, we can infer that the USDT going into exchanges were utilized to purchase Bitcoin.

Rise of Bitcoin

Observing these numbers, it clearly points that Bitcoin’s ascendancy this time has been drastically affected by the US dollar. It can be abridged as trails: There has been a steep fall of the US dollar index. The uncertainty scaled new heights , the value of gold multiplied. With gold value going through the roof high, investors begin to search for an alternative instrument of investment. A lot of USD turned into USDT, a large number of USDT flew into interactions. This led to the selling of USDT and purchase of Bitcoin. Balance of Bitcoin in exchanges rises. In case the dollar continues to fall, there is a huge chance of Bitcoin to rise. So, Bitcoin is a good investment option. If you wish to put your money in Bitcoin, then it is advisable to do so on a secure platform.

If you are looking for Blockchain developer to build your next bitcoin or else platform , feel free to to contact us .

How can businesses benefit with Airbnb’s API?

How can businesses benefit with Airbnb's API?

Airbnb started off in 2008 with the objective of transforming the landscape of vacation rentals or Short-term rentals. Over the years, it has evolved into one of the biggest entities with footprints worldwide and a robust brand name. It provides a perfect platform for people to rent out their vacant residential spaces for travelers or tourists for a short duration. The duration could be one day or several months at a time. Presently, the Airbnb has ceased to be a mere trading space that connects hosts and tourists. It has gone way beyond the realm of rooms and apartments. The platform, currently, also provides local experiences and exclusive information on premium rental spaces for those eyeing world class amenities and facilities. In fact, the Airbnb is also eyeing a bigger pie in the hospitality segment by exploring new arenas.

The online marketplace has also provided people the opportunity to start independent property rental businesses. Over here, they are only required to deliver the property. The other essential things such as the listing, money transactions and customer assistance are very well looked after by the Airbnb. So, the platform has opened several potential business opportunities and it offers all kinds of assistance to business owners. All these could not have been possible without its Application Programming Interface (API).

What exactly is this API?

An Application Programming Interface (API) is a medium that connects two software applications. The applications cannot interact with each other without an API. The interface is widely-widely used, but not many are aware of the same. This is extremely beneficial for developers. For instance, if an application wants to click photos through the camera of a device, the developer does not have to build a camera interface. He or she only has to utilize the camera API of the operating system to insert the built-in camera interface into their app.

The application interface is significant in the matters of security as well. It can restrict the access control on hardware and software functionality for an app. For example, if an app wants access to a device camera via an API, it could be denied the same by the user upon prompting. This totally eliminates all the possibility for an app to access the camera. So, the API ensures that security of a device is not breached by a third-party software application.

Airbnb’s API not for everyone

The Airbnb came out with a distinct API of its own in 2017. The entity has always tread with caution when it comes to selecting partners. Despite heavy demand, the Airbnb had not given access to its API to other companies to make products using its platform.

However, the platform, eventually, became a part of the developer community in 2017 with its API. Following this, external developers got access to the Airbnb API. But, the API is not yet accessible to everyone as Airbnb has put in place several procedural safeguards to restrict the access. Due to the stringent policy, it becomes extremely tough to access the API. This way Airbnb is treading a unique path compared to other businesses in operation.

Benefits of Airbnb’s API to businesses

For those wanting to list their properties on Airbnb space, its API can be a very handy tool. This aspect motivates developers to incorporate effective tools in the API with which people, who list on Airbnb, can gain good control over the online marketplace.

The API provides users with a tool called OAuth. The tool is an open protocol which facilitates authorization of mobile and web applications conveniently in a standardized manner. The OAuth enables users to update the content and the rates of their listings via a single app.

It should also be noted that APIs permits software to software interaction. This implies that the Airbnb can also dispatch data back to the custom apps. So, when people make bookings via Airbnb platform, they will also get reservation and messaging details via API. This aspect ensures that businesses, which use the platform, can streamline their operations in an effective manner.

The procedure to acquire the Airbnb API

Despite being part of the developer community, the API of Airbnb is not easily accessible. The Airbnb has a very stringent policy in terms of providing access to the API.

Earlier, the interested parties had to fill out a form. Then on the basis of this, the company’s partnership managers took a decision on providing access to the API. However, this process has been put on hold now. Currently, the company’s worldwide team of partner managers is providing access to businesses on the basis of the supply potential, the technological prowess, and the capacity to support shared customers. Hence, the ideal option is to approach the company directly or through the partner managers.

If they permit you as a partner, then the Airbnb will give you API documentation in order to work out a development timeline. Now, developers can finish their task and launch the application.

In case of any doubt, seek the help of Airbnb partner manager. Once things are in place, you can start incorporating the list of lodging on the Airbnb platform through the API connection and start receiving travelers from all around the world.

Benefits of Integrating Airbnb API into your business

There are immense benefits for those businesses looking to integrate the Airbnb’s API. It becomes easier to manage the listing on Airbnb platform. You only need to log in to make any tweaks to the content listed, be it about the vacant space or price. In case you have multiple listing on the website, then you need to manage or change the content manually, which could consume a lot of time. However, with a custom property management software, linked to the website via Airbnb’s API, will help you make any number of amends in quick time.

This happens to be one of the convenient methods to manage list of properties on Airbnb.

In case you are dealing with multitudes of renters, then messaging each and every one manually can be a herculean task. In such a scenario, automated messages are the best options to respond quickly to each and every queries. So, an API-linked software can effectively deal with multiple queries and improve your image among customers.

This also helps in customer creation and retention as they would get a feeling that you would be around in case of any issue. In case, developers require any technical assistance that is not there in the documentation for the API, Airbnb’s worldwide team of partner managers will always be there to help you out.

Also Read : What Is API & How Does It Work ?

Seek expert’s help for API integration

If done properly API integration can work wonders for your business. However, the company would suffer a lot if the same is not performed with due diligence. As discussed previously, the API connects two softwares so as to facilitate effective communication between the two.

Hence it becomes imperative to entrust the task of integrating custom software solutions with APIs to experienced and skilled developers. For this you can trust Winklix with your eyes closed. Winklix happens to be one of the leading software companies across the world, which has successfully partnered with both renowned global brands and startups. Be it the custom CMS, payment gateway, mobile app or API integration with Airbnb, our skilled developers with their high-class expertise have accomplished everything. The company is based out of US with offices in Salt Lake City, Utah. So, get in touch with Winklix for any software development activities or smooth facilitation of Airbnb API integration.