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.
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