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Glossary

Near Field Communication
Near Field Communication (NFC) is a wireless technology that allows data to be exchanged between two different devices, such as a smart phone and a point of sale terminal. If your phone has NFC, you can hold it near a terminal. The phone and the terminal communicate, and the terminal communicates with a remote computer to approve payment.
Nominee
A nominee is a person into whose name securities or other properties are transferred in order to facilitate transactions while leaving the customer as the actual owner. Persons in financial difficulties who think they are about to be or are already bankrupt, may ask a Licensed Insolvency Practitioner to act as their nominee.
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