Near-Field Communication

Near-Field Communication, also known as NFC, is the set of communication protocols that allow two electronic devices to share information with one another based on their proximity to each other. NFC devices are used in contactless payment systems, allowing mobile phones to act as or supplement a credit or debit card in a transaction.

Network Effect

Network Effect, is a phenomenon in which a good or service gains additional value as more consumers use it. Technically, the term refers to the effect that one individual user of a product or service has on the value of that product or service to other people. The value of a product or service increases as more people use the product.

Neural Network

A neural network is a progression of algorithms that attempt to copy the manner in which the human cerebrum works in order to draw connections between different pieces of information. Neural systems can adapt to the evolution of inputs; in this way the system produces the most ideal outcome even when dealing with not-before-seen information.


Nonrepudiation is the assurance that somebody can't deny something. Typically, nonrepudiation refers to the ability to ensure that a party of a contract or a communication cannot deny the authenticity of their signature on a document or the sending of a message that they originated. To repudiate means to deny.