Near Field Communication (NFC) is a short-range wireless communication technology that allows data exchange between devices within 10cm of each other. NFC was established in 2004 by major technology companies to set standards. The first NFC phone was released by Nokia in 2006. NFC operates at 13.56MHz and can transfer data at rates up to 424kbps. It has applications in contactless payments, data sharing, and connecting devices in transportation. NFC provides convenience to users but has limitations in range and data transfer speed.