Why Apple skipped NFC

Apple’s decision to ignore NFC is looking better every day

By on March 19, 2014 at 5:00 PM.

Apple’s decision to ignore NFC is looking better every day

For years, Apple pundits’ favorite game was to guess when the iPhone would finally support NFC, or Near Field Communication. If only Apple would support NFC, then mobile payments would take off, and we could finally stop paying cash and credit cards. But Apple never did support NFC and it appears it made the right decision: According to GigaOm, major retailers Best Buy and 7-Eleven are ditching their NFC sensors in their stores.  More →

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iPhone Touch ID Mobile Payments

For Apple, your fingerprint may be the key to your iWallet

By on January 28, 2014 at 10:37 AM.

For Apple, your fingerprint may be the key to your iWallet

After a report last week claimed that Apple is building its own wireless payment service, Apple’s CEO Tim Cook was “more or less” asked by an analyst during the company’s recent quarterly earnings report whether such a service is indeed in the making, Re/code reports. The analyst asked Cook to talk about mobile payment markets, the “use of touch sensor at iTunes,” and his opinion on such an opportunity. More →

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Apple iTunes Mobile Payments Service

Apple may soon have a new way to help you spend more of your money

By on January 27, 2014 at 8:10 AM.

Apple may soon have a new way to help you spend more of your money

Apple is reportedly developing its own wireless payment service for mobile devices, The Wall Street Journal has learned, eying a piece of a growing business – Americans are expected to spend $90 billion through mobile payments by 2017 according to Forrester Research, up significantly from $12.8 billion in 2012. Sources familiar with the matter have said that Apple’s iTunes and App Store chief Eddy Cue has met with industry execs to talk about how Apple would handle payments for goods and services from its mobile devices. Moreover, Apple’s Jennifer Bailey who was running the company’s online stores has been moved into a new, unconfirmed, role to build a payment business for the company. More →

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Apple iBeacon, NFC iWallet Wireless Payments

Apple’s imminent attack on mobile payments comes into focus

By on January 16, 2014 at 5:40 PM.

Apple’s imminent attack on mobile payments comes into focus

A new Apple patent application reveals that the company is interested in secure wireless “iWallet” payments based on various wireless technologies including Bluetooth Low Energy (LE), Wi-Fi and near field communication (NFC), Patently Apple reports. While the iBeacon Bluetooth LE-based technology isn’t specifically mentioned, it makes sense to assume that the company would employ iBeacons for a wireless payment solution in stores including its own, in the event that the wireless payment methods described in this patent are actually used in the future. iBeacons have already been deployed in Apple retail stores, with the technology seeing popularity with other companies as well – Major League Baseball will use iBeacons in stadiums, while a recent scavenger hunt was organized at CES 2014 based on iBeacons. More →

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Shipments of NFC-enabled handsets reached 30 million units in 2011

By on March 26, 2012 at 11:30 PM.

Shipments of NFC-enabled handsets reached 30 million units in 2011

Global sales of NFC-equipped smartphones increased tenfold to 30 million units in 2011, according to a report from Berg Insight. The research firm estimates that by 2016 there will more than 700 million handsets with NFC capabilities. In 2011, several leading handset vendors released more than 40 NFC-enabled devices. “Even though it will take some time before the stakeholders agree on business models for payment networks, other use cases such as reading tags and easy pairing of devices may well be compelling enough for handset vendors to integrate NFC in mid- and high-end devices already today,” said André Malm, a senior analyst at Berg Insight. Google has already launched its Wallet service, as Apple, AT&T, Verizon and T-Mobile ready their own payment platforms. Previous estimates stated that more than 50% of all smartphones will be NFC enabled in the next two to three years with the help of Apple’s upcoming iPhone, which has long been rumored to include the technology. Read on for Berg Insight’s press release. More →

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Apple awarded major ‘iWallet’ patent for future NFC-enabled iPhone

By on March 6, 2012 at 5:35 PM.

Apple awarded major ‘iWallet’ patent for future NFC-enabled iPhone

Apple on Tuesday was granted a significant patent by the United States Trademark & Patent Office, Patently Apple reported. The technology, which is supported by 23 Patent Claims, allows credit card companies to send statements directly to a user’s iTunes account for purchases made using an NFC-enabled iPhone. Account holders will also be able to allow a secondary account holder, such as a child, to make purchases on the same card while allowing the primary account holder to control spending and implement various limits. Even though NFC technology has been featured in a number of Android devices, some believe that the technology won’t go mainstream in a number of markets until an iPhone is equipped with a mobile payment solution. More →

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