“Today, the US Patent & Trademark Office granted Apple a patent relating to an all-new iWallet Credit System Architecture,” Jack Purcher reports for Patently Apple. “It’s a surprising patent win for Apple considering that it was an acquired patent from two inventors in Finland and originally published in Great Britain. Apple refilled it in March 2011.”
“The new credit system architecture is a separate wing of Apple’s originating iWallet architecture and deals with a subsidization program that works with sponsors and advertisers,” Purcher reports. “If a consumer doesn’t chose a subsidized iPhone, then the credits earned for working with advertisers and sponsors could be used to purchase Apple products and/or services.”
Purcher reports, “Last week we learned that Research in Motion’s BlackBerry will be the first smartphone in Canada to offer consumers a viable mobile wallet system this fall. With that aggressive schedule in play, you [now] have to wonder how [long until] Apple’s iWallet [is revealed].”
Much more, including Apple’s patent descriptions and diagrams, in the full article here.
Related articles:
Inside Apple’s secret plan to kill the cash register – May 19, 2012
Apple’s iWallet: The one that will rule the world – March 21, 2012
Apple’s new iWallet patent hints at new killer app – March 9, 2012
Apple wins major U.S. ‘iWallet’ patent; the one that may one day ‘rule the world’ – March 6, 2012
Apple invents ingenious security system for the iWallet era – January 9, 2012
Apple patent app describes future iOS devices communicating with parking meters, doors, cash registers and much more – September 22, 2011
Today Samsung is proud to announce sWallet….
So true! LoL
A new patent. Hooray, I guess. What’s the point? They appear to be of little value.
“No Trespassing – Violators will be prosecuted.”
Apple needs to post the Western variation: “Violators will be shot.” (In a business sense, of course)
“Violators will be rewarded.”
The legal system is doing no great service to Apple at this point…
so true…
“Last week we learned that Research in Motion’s BlackBerry will be the first smartphone in Canada to offer consumers a viable mobile wallet system this fall.”
Yea, right- if RIM is even around this fall…
Let’s see now. Could this be a way of blowing up Google’s business model? You mean the advertising platform is higher up the food chain on the hardware itself? Advertising on a site or service would be redundant and even annoying? Get free content or services? Ooooh, the mind reels from the positively disruptive possibilities! Throw in some Siri goodness and we’ve got ourselves a real party.
Never underestimate Apple’s ability to come at you from a vector you never considered. It’s a potentially deadly mistake. And they’ve had a lot of practice doing it.