There's Mounting Evidence That Apple's New iPhone Will Allow Us To Make Easy Mobile Payments
Wired's Christina Bonnington on Thursday said the iPhone 6 will indeed include NFC technology, citing "sources familiar with the matter."We'd previously reported on how Apple could make a big play in mobile payments with an NFC chip, which would be paired with the company's Touch ID fingerprint security system that launched on last year's iPhone 5S.
Awarded to Apple in March 2012, the "iWallet" patent describes a way to let users control all their financial accounts and transactions on their iPhones. They can also view their credit card profiles, see messages from their banks, and if a child owns an iPhone, Apple created parental controls in its "iWallet" system so they can set spending limits on their children and even request authorization from the parent - for purchases above a certain price limit, for a certain number of purchases, or any purchases at all - via their own iDevice.
A payments system like the "iWallet" would help businesses do work but also manage, track, and exchange financial information. And thanks to its recently announced partnership with IBM, Apple could push all its devices even further into the enterprise.Hopefully, the iWallet platform would also be able to link to Apple's other apps like Numbers so you can learn more about your own finances and spending habits. "An Apple-based payments system could eventually involve an expansion of revenue streams into promotions and coupons with retailers, but this type of functionality could also be done with Apps from others (and already is, in many cases)," Barclays analyst Ben Reitzes said in a recent note.
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