Brothersoft: iPhone 5 to Allow Wireless Payments?

The rumors about iPhone 5 will never stop until it releases. This time it rumored that Apple’s iPhone 5 may be all metal and may be able to process mobile payments.

According to a previously reliable source inside Foxconn, Apple’s next iPhone revamp will ditch the glass back and adopt a metal one instead–added to the stainless steel antenna-frame of the iPhone 4, this means the iPhone 5 would be an all-metal affair. Apple was hotly tipped to include Near Field Communication payment technology on both the iPad 2 and iPhone 5 and Apple are and will continue to develop their own payment solution. Near field communication devices can scan and receive information such as encrypted credit cards from about four inches away. While one purpose is to facilitate payments, another could be to send smartphone users advertisements as they pass signs or stores.

“One issue is consumer behavior, and that can be fairly easily overcome,” said consumer-devices analyst Avi Greengart of Current Analysis. “I think the bigger issue is that it’s not on the majority of phones, and the payment acceptance method is not available at most merchants. It’s a classic chicken-and-egg problem — until you get more merchants you are not going to get manufacturers to increase their costs by including this hardware option, and until you have a significant installed user base of consumer NFC devices, merchants won’t be willing to invest in the payment-processing devices.”

“Apple sells tens of millions of iPhones,” Greengart said. “That could give [NFC] a jump-start and installed base. On the other hand, Nokia sells hundreds of millions of phones. They’ve been experimenting with NFC as long as I can remember and have yet to deploy it broadly.”

Apple now is building NFC login powers to its next OS upgrade, OSX Lion.

These articles are brought to you in partnership with Brothersoft.

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11 Comments

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Haven't there been rumours of NFC for MONTHS?! Seriously, before the Nexus S came out people were talking about it.

The first iPhone had a great feel to it, till they mucked it up with the 3G/3GS by making it plastic and bigger and the yellow screen.

Bring back the original design!

NFC is too mainstream for Apple, they will have to invent something like Quantum Psychic Payments so you can pay for things the day before you buy them or something.

But in all seriousness packing NFC in to a more widely used phone then has been previously done would be good.

Teebor said,
NFC is too mainstream for Apple, they will have to invent something like Quantum Psychic Payments so you can pay for things the day before you buy them or something.

But in all seriousness packing NFC in to a more widely used phone then has been previously done would be good.

They will use NFC, slightly tweak the tech, and claim they were the first to use it. But only iPhones can use it.

I remember literally getting angry when at the iPhone 4 keynote he dared to say "For years we've dreamed of video calls on our phones, and now thanks to Apple, thats a reality"

I dug out my 2002 Phone that could video chat over 3G and started waving it at my computer screen.

Benjy91 said,

They will use NFC, slightly tweak the tech, and claim they were the first to use it. But only iPhones can use it.

I remember literally getting angry when at the iPhone 4 keynote he dared to say "For years we've dreamed of video calls on our phones, and now thanks to Apple, thats a reality"

I dug out my 2002 Phone that could video chat over 3G and started waving it at my computer screen.

What they meant was the first usable video call. The 3G video calls were incredibly crap here in the UK. They launched with a company called Three and the videos dropped, were stupidly expensive and when they did work they were a pixelated mess, it was like watching a really bad lego show. I took my Three phone straight back, tried other handsets but they all had the same problems.

Facetime is miles apart and at can work across multiple devices. Although i think it's a shame that all the phones didn't agree on a Skype standard, as it's pretty prevalent around the world.

REM2000 said,

What they meant was the first usable video call. The 3G video calls were incredibly crap here in the UK. They launched with a company called Three and the videos dropped, were stupidly expensive and when they did work they were a pixelated mess, it was like watching a really bad lego show.

That's has nothing to do with the phones, that's to do with the networks. Mobile networks are much more capable of video calling than they used to be, so this is why FaceTime works so well.