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  • More Evidence of "e-wallet" Capabilities in iPhone 5

    A couple of new job listings on Apple's website are firming up rumors that Apple will be including so-called "e-wallet" capabilities using Near Field Communications (NFC) technology on upcoming iOS devices. The positions - for a Hardware Test Engineer and a Manager of Global Payment Platforms - indicate that development on both the technical and business aspects is near completion.

    As Nick reported on Tuesday, there's growing evidence that Apple is working on a PayPal-like service that would use radio-frequency identifier (RFID) chips built into iOS devices to allow them to act as electronic wallets: you would just wave your iPhone at a reader, and money would be immediately transferred out of your account. Smartphones like Google's Nexus S already support NFC, though the readers are still rare in stores. Apple's apparently been at work on this for some time, though: Mike reported last year about how they had hired an NFC expert to develop this technology.

    One of the newly-posted job listings seeks a senior hardware automated test engineer with an advanced degree in electrical engineering who is expected to be as "comfortable doing theoretical work and as working with a soldering iron." This super-tech would have competencies in a number of fields including RF, which indicates that work on the NFC technology is at or near the testing stage, ready for inclusion in this year's iPhone and iPad.

    The ad for the Global Payments manager is looking for someone that will "contribute to the analysis and development of new payment types," and it's difficult to imagine what a "new payment type" could be other than NFC (unless Apple is going to be printing its own currency or something). The report earlier this week had suggested Apple was looking to run its new e-wallet system through a version of the iTunes Store, processing payments directly from users' bank accounts rather than going through credit card companies which charge a fee for every transaction.

    While Apple is obviously looking at the economic benefits of NFC, the technology has many other applications. For example, Bluetooth devices could be paired much more quickly - in less than a tenth of a second - by using NFC rather than having to configure both devices in Bluetooth. NFC can also be used to replace airline or concert tickets, as identification, or in place of a physical house and car key. Apple's inclusion of NFC in its popular devices is likely to spur accelerated development of NFC, so new applications will doubtless emerge over time.

    Source: AppleInsider
    This article was originally published in forum thread: More Evidence of "e-wallet" Capabilities in iPhone 5 started by Paul Daniel Ash View original post
    Comments 24 Comments
    1. SpikeyDan's Avatar
      SpikeyDan -
      Quote Originally Posted by TronixGT View Post

      I was just reading last week how Children born today will never wear wristwatches or use plastic credit cards atc.. Probably true. I like the idea, I'm already using the Starbucks gift card app to buy stuff at Starbucks, and it's very convenient.
      Next upgrade use it to order. Do away with the till girl. Sorry being negative. It's a great idea just not totally practical. I'm all for using it for tickets just don't think I'd like to use it to buy my shopping or my beer
    1. blkcadi's Avatar
      blkcadi -
      It's about time, looking forward to this. As I always have my phone in hand or easily accessed, instead of fumbling around in my purse for my wallet. So for me it makes sense. It's about time we caught up with this technology, Japan has had his for years.
    1. metaserph's Avatar
      metaserph -
      The UK is already working on the infrastructure for this. As always, "the most developed country in the universe" lags behind like a dog's b___...
    1. EskimoRuler's Avatar
      EskimoRuler -
      this would be really cool, you would almost not need a wallet if you could some have your cards saved on your phone and pick which one to use and swip it by the receiver