Apple to bring NFC payments to next generation iPhone and iPad

Bloomberg is reporting that Apple will be bringing NFC (Near Field Communication) technology that would allow customers to make purchases wirelessly from the next generation iPad and iPhone. Though this is not the first time this claim has been reported, Richard Doherty, director of the consulting firm Envisioneering Group, said:

The services are based on "Near-Field Communication," a technology that can beam and receive information at a distance of up to 4 inches, due to be embedded in the next iteration of the iPhone for AT&T Inc. and the iPad 2. Both products are likely to be introduced this year, he said, citing engineers who are working on hardware for the Apple project.

Apple would have the potential to use iTunes accounts as a way of providing your credit card or bank account details for payment.

Major companies such as PayPal are excited about the new technology, who said that "NFC is definitely one of the technologies that's getting a lot of attention, but ultimately the consumer is going to choose." Other companies such as MasterCard, who has already rolled out NFC into their cards, said that they're "running the world's fastest payment network and that it doesn't need to be re-created", and would be much more interested in forming partnerships with organizations such as Apple.

Apple has declined to comment even though there is strong evidence to heavily support this, such as a job posting last year and several patent applications from 2 years ago.

Image source: mygadgetnews

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17 Comments

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My knee-jerk reaction to this was that of concern. A platform that is hackable doesn't make for very great grounds for money transactions to take place. Oh, right, we already do that on our Windows and Mac OS boxes and those are completely hackable. Well...what about putting all our eggs into one basket, surely there is something wrong with that?

I don't think so. Think of it this way: my phone has a passcode. Enter in the wrong passcode 10 times (i think that number should be variable) then everything gets wiped (included my NFC info). If I get to any PC I can remote wipe my phone. My wallet, with all its cards and cash, does not have this feature. If it gets stolen I have to cancel each of my credit cards and debit cards in it and forget about whatever I have in cash.

I remember when we got this at McDonalds a number of years ago... locally our Sheetz stores had it first, all our CVS (drug store) stores have it... not many people dont around where I am in pennsylvania.. most people still look at the readers as some foreign object, and cashiers still try to take your card from you when you go to pass it over the reader... so even though its there, it is still not engrained into peoples heads yet how it works, and we've had it for years now....

bj55555 said,
And of course, Apple will be given credit for being the first to use NFC in their phones by the stupid masses.


+1

bj55555 said,
And of course, Apple will be given credit for being the first to use NFC in their phones by the stupid masses.

It would help if other smartphones actually had NFC, besides the Nexus S. Also, there's a difference between having a feature and implementing a feature. Company A and Company B can both have the same feature but if A manages to make a much more successful implementation, it will definitely win in that category.

Don't they encourage you to not use your mobiles phones in public areas like the underground? just in case thieves are looking?
This will be advertising it for someone to come and nick it

Also didn't they do this with a nokia phone ages ago?

Japan has had it for many years. I'm glad we're getting it in the west.

Teebor said,
Don't they encourage you to not use your mobiles phones in public areas like the underground? just in case thieves are looking?
This will be advertising it for someone to come and nick it

Also didn't they do this with a nokia phone ages ago?


tele-fragd said,
Japan has had it for many years. I'm glad we're getting it in the west.

That quite cool then, we do seem to lag behind technology wise sometimes I expect it will be quite useful to have

Teebor said,
Don't they encourage you to not use your mobiles phones in public areas like the underground? just in case thieves are looking?
This will be advertising it for someone to come and nick it

Gotta keep your phone safe from those pesky mole people.

I wonder why pretty much the next iPhone will be some of the only few smartphones (well besides the Nexus S) in the U.S. to take advantage of NFC.

Then pretty much soon, a lot of future iPhone users will make NFC a more visible and popular option for payment in stores, and those other smartphone makers will 'take' to putting NFC into their smartphone line-ups.

Don't these other smartphone makers have some balls to put in some game-changing material into their smartphones before Apple does? Stuff like capacitive multi-touch touchscreens, front-facing cameras, accelerometers, and all that seem to have only been popular after Apple made them popular. Sure, there are many smartphones that offer cool/useful features that the iPhone or iOS doesn't have, though there are few cases where it seems to be such a game-changer enough to be marked as a milestone for smartphone development in recent years.

Just think it'd be nice if someone other than Apple can bring some exciting new technology to the masses that works both well and can become instantly the new "it" feature everyone is craving for.

Quikboy said,
I wonder why pretty much the next iPhone will be some of the only few smartphones (well besides the Nexus S) in the U.S. to take advantage of NFC.

Then pretty much soon, a lot of future iPhone users will make NFC a more visible and popular option for payment in stores, and those other smartphone makers will 'take' to putting NFC into their smartphone line-ups.

Don't these other smartphone makers have some balls to put in some game-changing material into their smartphones before Apple does? Stuff like capacitive multi-touch touchscreens, front-facing cameras, accelerometers, and all that seem to have only been popular after Apple made them popular. Sure, there are many smartphones that offer cool/useful features that the iPhone or iOS doesn't have, though there are few cases where it seems to be such a game-changer enough to be marked as a milestone for smartphone development in recent years.

Just think it'd be nice if someone other than Apple can bring some exciting new technology to the masses that works both well and can become instantly the new "it" feature everyone is craving for.

+1 Well said, my thoughts exactly.

Quikboy said,
... Don't these other smartphone makers have some balls to put in some game-changing material into their smartphones before Apple does? Stuff like capacitive multi-touch touchscreens, front-facing cameras, accelerometers, and all that seem to have only been popular after Apple made them popular...

It's not so much that Apple lead on hardware innovation, as they lead on marketing those features. E.g. Front facing cameras are not new, yet Apple managed to make a big deal out of FaceTime, their crippled wi-fi only video call feature.