The invention discloses a 
near field communication payment method authenticated by both sides of the deal. The method includes steps that 1, a binding relationship of one-to-one and one-to-many of a 
cell phone number and a 
bank account is established; 2, identity 
authentication on both sides of the deal through a 
cell phone is performed when a 
near field communication deal is needed; 3, after authenticating, the payee inputs amount collected to the 
cell phone, submits a collection request to a deal 
server, and the deal 
server generates a trade order and sends the 
order number to the payee; 4, the payee chooses a payer to trade, and sends the 
order number to the payer by means of 
near field communication; 5, the payer downloads the order information from the deal 
server, identifies the order information, inputs a 
payment code to the cell phone, and submitting a 
payment request; 6, information 
verification is performed, the trade is carried on when the 
verification is successful, otherwise, the trade is not carried on. The method of identity 
authentication is high in safety and reliability and easy to achieve based on the uniqueness of the cell phone number and background server.