Near field communication (NFC) is one of the fastest-growing trends when it comes to emerging payment processing technology. To that end, Apple is thought to be developing a new system to leverage the growing popularity of the system.
Computerworld reports that the major technology firm is expected to roll out an NFC-enabled program in conjunction with the release of its iPhone5. The source points to a new gifting platform, which the firm recently filed a patent for. According to many, the moves made by the California-based company could mean that more widespread NFC implementation will become a reality for users of iPhones and other Apple products.
“Given that whispers from within the NFC industry strongly suggest the company will introduce support for the (albeit fragmented) standard within the iPhone 5,” John Evans writes for the site. “The only hope is that Apple will choose to support both US and European implementations of NFC when it does.”
According to some industry experts, mobile payments will skyrocket in just the next few years. A study by the Aite Group revealed that by 2015, mobile payments will exceed $200 billion.Back To Blog