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Will the next iPhone replace your wallet? Apple set to take on Google with chip that could let you pay with a wave of your handset

Posted By admin On August 28, 2012 @ 8:02 am In Money Watch | Comments Disabled

UK Daily Mail [1]
Aug 28, 2012

The iPhone has already replaced digital cameras, MP3 players and portable games consoles for most owners.

Now it could be about to replace your wallet.

The next iPhone, which is believed to launch in just two weeks time, is expected to come with a built-in chip which can serve as your credit or debit card for small payments.

Eagle-eyed fans looking at leaked images of the internals of the device have spotted what they believe is an NFC chip within the phone.

NFC is seen as the successor to the chip-and-pin, serving as a small contactless card which can be waved against scanners at tills to automate a payment.

Some debit cards already have this feature installed, and certain retailers such as Pret a Manger already use the technology.

Full article here [1]

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URLs in this post:

[1] UK Daily Mail: http://www.dailymail.co.uk/sciencetech/article-2194639/Will-iPhone-replace-wallet-Apple-takes-Google-chip-payments-till.html

[2] Apple: Carrier IQ still on iPhone 4, but we don’t read your e-mail and texts: http://www.prisonplanet.com/apple-carrier-iq-still-on-iphone-4-but-we-dont-read-your-e-mail-and-texts.html

[3] Apple Urges Government to Outlaw iPhone Unlocking Over Terrorist, Drug Dealing Risks: http://www.prisonplanet.com/apple-urges-government-to-outlaw-iphone-unlocking-over-terrorist-drug-dealing-risks.html

[4] Apple’s new iPhone ‘has fingerprint sensor’: http://www.prisonplanet.com/apples-new-iphone-has-fingerprint-sensor.html

[5] Push to Put Your Money in Google’s CIA Cloud Wallet: http://www.prisonplanet.com/push-to-put-your-money-in-google%e2%80%99s-cia-cloud-wallet.html

[6] Apple testing RFID-enabled iPhone?: http://www.prisonplanet.com/apple-testing-rfid-enabled-iphone.html

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