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01-25-2011, 06:57 AM #1
Apple to Add NFC Payment Hardware for iDevices & Retailers
According to a recent Bloomberg report, we should see Apple incorporating "Near Field Communication" hardware in the iPhone 5 and iPad 2. This technology will allow the devices to send and receive information at a distance of up to 4 inches, allowing users to make payments directly from their device.
The services are based on "Near-Field Communication," a technology that can beam and receive information at a distance of up to 4 inches, due to be embedded in the next iteration of the iPhone for AT&T Inc. and the iPad 2, Doherty said. Both products are likely to be introduced this year, he said, citing engineers who are working on hardware for the Apple project.
Rumor has it that Apple has already begun making prototype payment terminals that would be used for small businesses to scan an NFC-enabled iPhones or iPads. These potential outlets would be subsidized or even given away to encourage companies to use the services they are providing.
It's nothing new really, paying with your mobile phone. However, its interesting to see where this would go for small business and even larger ones as well, and what type of impact it could have on the Apple market. My only worries would be having my phone stolen and someone having a shopping spree.
01-25-2011, 07:05 AM #2
Im pretty sure it's going to have some kind of security like a case sensitive password or something like that.
01-25-2011, 07:20 AM #3
I dont know much but couldnt i go into the phone and change my balance from 100 to 1000 and trick it? maybe thats why they brought that NSA guy on board. He probably not even interested in stoping the jailbreak.
Fish are friends, not food!
Neither is Slow Internet.
01-25-2011, 08:25 AM #4
I foresee security liabilities with this..
01-25-2011, 08:51 AM #5
cool feature not sure how often i would use it
01-25-2011, 09:03 AM #6
It's a cool idea. I think the Japanese use it a lot. Great for public transportation, venting machines, supermarkets and 7-11 type of stores. If the item cost less than $10 no password required. Over $10 or a set amount the user has to enter a password or a finger print scan.
01-25-2011, 01:34 PM #7
01-25-2011, 01:47 PM #8
awesome, I'd like to give this a shot..
Last edited by z28kid; 01-25-2011 at 01:52 PM.
01-25-2011, 07:30 PM #9
01-25-2011, 11:13 PM #10
They use it to pay for small items in many places mentioned above including train and subway fares.
Just place your phone on the subway gate and off you go, they are so good at it they don't even slow down, much faster then me fumbling for my ticket as I have the iPhone.
In 7/11, which by the way is a huge Japanese company with over 10,000 stores in Japan lest anyone think it is American, there is a terminal, you scan your item, wave your phone or Suica(cash) card over the terminal and off you go.
Apple the great innovator. Not.
More like "We copy just as much as the next guy".