Near Field Communication (NFC) is a short-range wireless technology that allows data exchange between devices within 10 cm of each other. NFC operates at 13.56 MHz and works in both active and passive modes. It has standards defined by ISO, ECMA, and NFC Forum. NFC is used for applications like contactless payments, social networking, identity tokens, and automating tasks with NFC tags. While convenient, it has limitations like low data rates and security risks from mobile hacking.