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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 
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.
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URLs in this post:
 UK Daily Mail: http://www.dailymail.co.uk/sciencetech/article-2194639/Will-iPhone-replace-wallet-Apple-takes-Google-chip-payments-till.html
 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
 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
 Apple’s new iPhone ‘has fingerprint sensor’: http://www.prisonplanet.com/apples-new-iphone-has-fingerprint-sensor.html
 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
 Apple testing RFID-enabled iPhone?: http://www.prisonplanet.com/apple-testing-rfid-enabled-iphone.html
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