New iPhone may provide mobile payment feature

New iPhone may provide mobile payment feature

Posted on January 26th, 2011 by admin

 

It is reported that Apple’s next smartphone will include near-field communications (NFC) technology that enables users to make purchases from their mobile devices.

NFC operates at a range of around 4 inches and requires special circuitry in the device for secure transmission.

Using NFC as a payment vehicle can be a cost savings for the provider since it would bypass the traditional credit card processing fees.

See the full story at “CNET” –

http://news.cnet.com/8301-13579_3-20029438-37.html