Apple's idea for an "e-wallet" iPhone application would allow subsidiary accounts for children, complete with customizable spending limits and restrictions.
A prominent developer continues to believe that Apple will include a near-field communications chip in its next iPhone, though it may not be used for mobile payments.
The latest leak claiming to show parts from Apple's next iPhone offers a closer look at a mysterious internal component located next to the earpiece, revealing it does not house a near-field communications chip.
Apple's new Passbook feature in iOS 6 isn't just a coupon app; it's a framework that enables retailers to develop smart apps for transactions, without relying on new Near Field Communications (NFC) hardware to do so.
Google has revealed plans to enhance its Wallet service with location-aware store cards, boarding passes and event tickets, much like the Passbook feature found in Apple's forthcoming iOS 6 iPhone update.
A pair of new reports suggest that Apple's next-generation iPhone is unlikely to have near-field communication technology that would allow for e-wallet functionality.
Apple's Passbook application in iOS 6 will likely be enhanced with digital wallet and ticketing services thanks to a near-field communications chip in the company's next-generation iPhone, according to an executive with an airline information technology company.
Apple on Tuesday was granted a major patent pertaining to the rules and methods of electronic payment transactions, as well as a detailed description of how future devices could implement the parameters to create a seamless credit card-based system with an iTunes backend.
Credit card card companies are working to push consumer payments away from plastic cards and into more secure electronic forms, but a MasterCard representative has acknowledged that getting NFC into Apple's iPhone will be critical in advancing the technology into the mainstream.
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Neil Hughes
AppleInsider Staff
Sam Oliver
Daniel Eran Dilger
Mikey Campbell
