Wireless e-wallet for iphone 5 finalized by Apple

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A new report claims Apple mackintosh will add near-field communication technology to this year’s anticipated iPad a couple of and iphone 5, giving users the ability to have their device serve as an electronic wallet for quick wireless transactions.
images thumb Wireless e wallet for iphone 5 finalized by Apple
Richard Doherty, director of the consulting firm Envisioneering Group, told Bloomberg that the next-generation iPad and iphone will both include near-field communication technology. In a report on Tuesday, Doherty cited engineers who he claimed are working on hardware for the project.
“Apple’s service may be able to utilize user information already on file, including credit-card numbers, iTunes gift-card balance and bank data… ” the report said, citing a financial industry adviser. It was speculated that the inclusion of an NFC nick could tackle services from Credit, MasterCard, eBay and PayPal.
A NFC nick already appears in the Google Nexus Switch debuted in the U. S. on Dec. of sixteen. The nick allows for short-range wireless data transmissions for a good number of potential work out plans, including an “e-wallet. ”
Reports dating back to late ’09 have claimed that Apple mackintosh is working to add radio-frequency i . d . or RFID, to the iphone. And last year, the company hired an expert on NFC, while another report claimed the company was already testing NFC-enabled iphone prototypes.
Doherty reportedly said that Apple mackintosh could start its own mobile payment service for use at stores as early as mid-2011, once the iphone 5 is likely to launch. For such a service, iTunes could be revamped to include traditional credit card features like loyalty breaks and points earned through transactions.
“Using the service, customers could head into a store or restaurant and make payments straight from an iPad or iphone, ” the report said. “They could also receive loyalty rewards and breaks for purchases, such as when referring a friend, Doherty said. ”
He claimed that Apple mackintosh has already built a prototype payment airport terminal intended for small businesses “such as hairdressers and mom-and-pop stores. ” He added that Apple mackintosh may “heavily” subsidize the hardware, or even good it away to retailers, to encourage rapid usage of NFC technology and boost sales of NFC-equipped iPhones and iPads.

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