Morgan Stanley analyst hints at NFC mobile payments coming in the next iPhone

Morgan Stanley analyst hints at NFC mobile payments coming in the next iPhone
According to analyst firm Morgan Stanley, Apple might finally include an NFC chip inside the iPhone to provide for its alleged mobile payments service. Previously, CEO Tim Cook asserted that that Apple might enable mobile payments that take advantage of the iPhone 5s's TouchID fingerprint scanner for authorization, but didn't mention near-field communication support.

As NFC is becoming more widely adopted, Morgan Stanley analyst Craig Hettenbach thinks that the technology is reaching an "inflection point" driven by developments by Apple and other technological companies. Cupertino itself has a number of patents related to NFC, Wi-Fi, and Bluetooth developments for mobile payments. In addition, the company's new POS systems from VeriFone have NFC tap-to-pay support for compatible smartphones. Hettenbach also cited a report which asserts to Apple and mobile payment provider China UnionPay brokering a deal to make NFC purchases possible at Chinese POS terminals with the next iPhone. Additionally, Cupertino hired experts in NFC and mobile payments, which is a giveaway that the company is seriously working on something in this direction.

An NFC chip will be a welcome addition (or replacement) to the combination of Wi-Fi and Bluetooth signals which the company relies on for close-proximity wireless signals. With such a substantial list of clues on our hands, perhaps the iPhone's NFC support and rumored "iWallet" service is inching closer to existence.

via AppleInsider

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28 Comments

1. Mxyzptlk unregistered

I still don't understand the need for NFC. It's not even widely used. I feel better just whipping out my card or cash and paying the old fashioned way.

3. grahaman27

Posts: 364; Member since: Apr 05, 2013

Have you ever paid with NFC before?

4. surethom

Posts: 1715; Member since: Mar 04, 2009

I use it quite often, in shops, just press my current account card on the receiver & all done, no putting in pin, it would be easier to use my phone though.

7. SellPhones82

Posts: 569; Member since: Dec 11, 2008

Well when one of the top three OEM doesn't include it in there phones do you really think companies are going to push to launch it? Watch the adoption rate in the US skyrocket if Apple adds NFC.

8. grahaman27

Posts: 364; Member since: Apr 05, 2013

thats what I am hoping for, apple single handedly has been holding NFC back.

19. Finalflash

Posts: 4063; Member since: Jul 23, 2013

That's the problem in the US, east Asia is all NFC and Europe is fast becoming.

24. bbblader

Posts: 590; Member since: Oct 24, 2011

There is NFC in Samsung,Nokia,HTC,LG,Sony and other OEMs. Tell me who the top 3 OEM are.

25. SellPhones82

Posts: 569; Member since: Dec 11, 2008

Here you go...I'm also talking worldwide, not just the US. Samsung Apple Huawei http://www.idc.com/getdoc.jsp?containerId=prUS24645514

9. Whateverman

Posts: 3295; Member since: May 17, 2009

I think that's what's stopping the growth of NFC. It's sad to say, but the world of technology seems to wait to see what Apple is going to do before they make a move. If Apple ads NFC to the next iPhone I guarantee we'll see all kinds of businesses taking NFC payments that never did before. I think Apple will eventually add it, but first they'll block any type of music sharing.

11. gallitoking

Posts: 4721; Member since: May 17, 2011

hello ... I do agree with your comment.... 100%

14. Arte-8800

Posts: 4562; Member since: Mar 13, 2014

Dustbin the apple Looks like the pathetic Oems wait for Apple to make a move Even slaves like Adobe follows this back dated outdated company Apple providing subpar products and mediocre specs for overpriced devices

17. gallitoking

Posts: 4721; Member since: May 17, 2011

wow the irony on your comment.. using a Prada avatar and writing that way about Apple products...

21. jroc74

Posts: 6023; Member since: Dec 30, 2010

Not always....see the tech used in Android devices. Hell, see the tech used in Win Mo, BB, Palm. And IMO Apple is behind the times in the desktop world. For some things it seems some wait for Apple....but not everything.

12. frydaexiii

Posts: 1476; Member since: Dec 01, 2011

Yeah, and one day after Apple announces the iPhone 6 with NFC, we'll see this nut here shouting "OMG! NFC IS SOOOOO CONVENIENT, APPLE DOES IT RIGHT AGAIN! IT'S NOT WHO DID IT FIRST, APPLE DID IT BETTER."

20. jroc74

Posts: 6023; Member since: Dec 30, 2010

Convenience? See how paying by check is all but disappeared? Thank debit, check cards for that. The old fashioned way years ago was cash or check . NFC is just part of the normal evolution of things.

2. surethom

Posts: 1715; Member since: Mar 04, 2009

Let just hope it uses Standard NFC not a Apple version that is not compatible with anything else.

6. KillerKeyboard

Posts: 372; Member since: Nov 21, 2013

lelz :D

5. Cicero

Posts: 1136; Member since: Jan 22, 2014

iNovation. Welcome to the tech world. LOL

10. Arte-8800

Posts: 4562; Member since: Mar 13, 2014

Welcome to the iWorld

13. InspectorGadget80 unregistered

Too little too late apple

18. gallitoking

Posts: 4721; Member since: May 17, 2011

Yes because the NFC fever has died down right?... I believe is the right time, so sit back and take and Aspirin.. the NFC fever is about to hit..lol

22. jroc74

Posts: 6023; Member since: Dec 30, 2010

NFC fever about to hit? I take it non in here drives and uses Speed Pass or EZ Pass. NFC is actually old news. There is a world outside of smartphones, mobile technology.

26. gallitoking

Posts: 4721; Member since: May 17, 2011

Not for people here in PA... can't even live 5 min without checking their phone.... NFC being old news... wow... it hasn't become the most popular form of payment and you call it old news...

27. jroc74

Posts: 6023; Member since: Dec 30, 2010

Read my post....for drivers on the big roads with tool booths its old news. Paying at gas pumps with Speed Pass is old news. Like I said....technology exist outside of mobile phones.

28. jroc74

Posts: 6023; Member since: Dec 30, 2010

Try early 90's early and 2000's for EZ Pass and Speed Pass. Think badges that let you in secure areas of buildings. Its really old news.

15. AstronautJones

Posts: 305; Member since: Aug 01, 2012

I agree with most of you. NFC will be more widely used for sure. I will just make sure to remind my iOS loving friends NFC has been around awhile. As long as it helps NFC be relevant..... I guess

16. Rogerlebo

Posts: 47; Member since: Dec 08, 2011

Mobile payment with NFC works great with my Galaxy Note 3 SM-N900W8 on Rogers network in Canada with TD Bank application. It took less than 15 minutes to set up and to get it ready. I had no problem. I am very very very happy! It is very easy and very fast to make a purchase with « Always on » payment mode : - you take your phone out of your pocket (you do not even have to open the case of the phone) - hold the back of your phone in front of the merchant’s terminal and . . . it is paid! Thanks TD!

23. jroc74

Posts: 6023; Member since: Dec 30, 2010

I just posted this....but NFC has been in use for years. By many that drive....Speed Pass and EZ Pass for toll booths. Just because it isnt used by mobile devices or Apple or even by many on here doesnt mean it isnt being used. We have to remember technology exists outside of Apple, mobile phones. Dont believe me? Next time you go thru a toll booth...see how many use the EZ Pass lane....

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