NFC. If you're not familiar with it, get ready to add another acronym to your repertoire. It stands for Near Field Communication, and while it's been around for a while, the tech is about to go mainstream in the U.S. and abroad.

NFC is a short-range, high-frequency wireless communications technology that allows devices to exchange data when they're within about four inches of each other. It's already equipped on the Samsung Nexus S and it's rumored to be coming to the iPhone 5 this June. But what can it do?

In short, plenty of things. Primarily ticketing, information and payment. And BMW plans to tap into NFC's potential with its next generation ConnectedDrive system that will incorporate the technology into its key fobs. By utilizing the wireless tech, your BMW's key could unlock a door, identify you at home or make a payment at Starbucks. The applications haven't been fleshed out quite yet, but BMW wants to be at the forefront. Get a brief primer on how BMW plans to use it in the video below.

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