A service to pay for purchases with handsets!!
Apple is planning to incorporate Near Field Communication (NFC) in the next iPhone and iPad.
NFC is a technology that can send and receive information up to 4 inches. It's expected to introduce this product by this year.
It allows customers to walk into a store and make payments directly from their iOS device. Apple may also incorporate loyalty rewards and credit system in iTunes as well.
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Apple has already made prototype payment terminals intended for businesses to scan NFC-enabled iPhones and iPads. These terminals could be given away to encourage adoption.
It has been hiring NFC experts as well as applied several patents on the technology.
It was also mentioned before that the new generation of iPhone would be having NFC.
Courtesy bloomberg.com