Report: New mobile payment system and NFC coming to Apple iPhone 6

Report: New mobile payment system and NFC coming to Apple iPhone 6
Back in June, we passed along a rumor that the new Apple iPhone 6 will feature NFC connectivity, which will allow it to have its own mobile payment platform. According to a report published on Thursday, the new mobile payment capabilities of the iPhone 6 will be one of the main features of the device, that Apple will show off during the September 9th unveiling of the phone.

With Touch ID able to verify the identity of an iPhone user, the platform will also include a way to keep information about charge cards and other financial information completely secure. And Apple does have its Bluetooth LE powered iBeacons already in a number of stores, pushing out coupons and broadcasting promotions to shoppers. This would seem like a perfect technology to use for a mobile payment system. 

Back in May, Morgan Stanley analyst Craig Hettenbach said to expect a mobile payments system on the iPhone 6. But you can't get stronger confirmation of Apple's interest in mobile payments, than by listening to the words come out of CEO Tim Cook's mouth. During the beginning of 2014, the executive admitted that mobile payments was one of the reasons that Touch ID was developed. He added that it is a business that Apple is intrigued with. With 575 million registered iTunes users, it is easy to see why.

Apple might have missed an opportunity to take control of the mobile payments market back in 2012, but was too busy doing research and worrying about getting sued by customers. Two years have gone by, and if all of this speculation is right, Apple might finally be ready to take control of mobile payments starting with the iPhone 6.

source: Wired via AppleInsider

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14 Comments

1. RandomAshole

Posts: 32; Member since: Apr 15, 2014

Good Morning Nokia 6131...

2. techperson211

Posts: 1280; Member since: Feb 27, 2014

The pitch for being the first and innovative will just repeat. Hopefully they have a video of last year a year after and so on so that Timmy won't have to repeat himself.

3. 0xFFFF

Posts: 3806; Member since: Apr 16, 2014

I'd rather carry around my wallet than a phone. I like the fact that my wallet doesn't come with a "kill switch", doesn't report my location, and doesn't need a battery. It is very rare that not being able to pay with my phone is an impediment to shopping of any sort. And I know many would disagree with this point of view. It'll be interesting to see if there is a big governmental push to get rid of analog wallets and replace them with remote-killable smartphones/trackers.

11. AlikMalix unregistered

You made very good points... like your view on the matter...

13. darkkjedii

Posts: 31041; Member since: Feb 05, 2011

Hell, I totally agree with you. That's one feature I've never used on my note, and never will on an iPhone. +1

4. NoFanboy

Posts: 300; Member since: Nov 18, 2013

At least now all retail stores will adopt mobile payments and it'll be huge

6. 0xFFFF

Posts: 3806; Member since: Apr 16, 2014

After weed stores are legal in all 50 states, this will indeed be huge for iPhone users :)

12. AlikMalix unregistered

Some posts you make are just stupid... bro.

14. darkkjedii

Posts: 31041; Member since: Feb 05, 2011

You make an excellent post, like post 3, then comeback with that one?

5. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

That's ridiculous. It took Apple few years to finally get NFC to their phone, while Android, Windows Phone, BlackBerry, Symbian etc. already have NFC few years ago. Even some old classic keypad phones from the good old days already have NFC.

10. Finalflash

Posts: 4063; Member since: Jul 23, 2013

But the issue is that the carriers are douchebags and Google was too nice with Android. Apple though doesn't give a flying F what they think and will have its way. They have the push to bypass the carriers on mobile payments completely. For now the carriers want to back a rival strategy to Google wallet, but with the proverbial Apple gun to their heads they might actually be forced to side with Google and stop being retards.

7. tedkord

Posts: 17357; Member since: Jun 17, 2009

Wait. What is this NFC of which you speak? Are the great artists creating again?

9. 0xFFFF

Posts: 3806; Member since: Apr 16, 2014

Or perhaps it is just the New Fried Chicken :)

8. twens

Posts: 1175; Member since: Feb 25, 2012

We all know IOS doesn't have much to showcase so they come up with this few tricks. Anything on an OS can be hacked so I won't even dream of entrusting my wallet to a mobile device let alone IOS. Give us something that we are actually going to enjoy using like Bluetooth paring with other devices or a file manager for crying out loud. Some of us still ask for mp3 files from friends and don't always use whatsapp for file transfers.

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