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iWallet

Why Apple skipped NFC

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

March 19th, 2014

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 …

iPhone Touch ID Mobile Payments

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

January 28th, 2014

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 …

Apple iTunes Mobile Payments Service

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

January 27th, 2014

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 …

Apple iBeacon, NFC iWallet Wireless Payments

Apple’s imminent attack on mobile payments comes into focus

January 16th, 2014

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 …

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

March 26th, 2012

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 …

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

March 6th, 2012

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 …