Apple Eyes Pay-by-iPhone2011-01-26 09:22 by DanielaTags: Apple, iPhone, iPad
Technology that would let consumers pay for goods with their iPhones and iPads would be a way for Apple to jump-start micro-payments and reduce the transactions fees it pays, an analyst said today. According to the Bloomberg news service, Apple will introduce near-field communications (NFC) in the next generation of its iPhone and iPad. NFC lets mobile device owners wave a phone over a short-range wireless receiver or tap the device to make a purchase. The practice is widespread in Japan and has gained momentum in Europe, but adoption in the U.S. has been sluggish. If Bloomberg's sources are accurate, Apple's move wouldn't be a surprise. Last July, the company hired Benjamin Vigier, who previously was product manager for mobile wallet, payment and NFC at mFoundry. Vigier conceived and managed the Starbucks mobile payment system on the iPhone, which began taking phone-based payments in 7,500 stores Jan. 19. Read more -here-
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