“Apple has been working on a true iPhone based credit/debit card system for years that most call the iWallet,” Jack Purcher reports for Patently Apple. “Apple has an extensive series of patent pending technologies and methods supporting such a product. The question isn’t if Apple will debut a financial instrument called the iWallet but rather when.”

“Today a new a report out of Canada confirms that the powerhouse group of TELUS, Bell and Rogers under their joint venture of Ensign is set to bring the electronic wallet to Canada big time later this year,” Purcher reports. “Savvy iPhone users in Canada that are up for renewal this year won’t want to miss out on such an important smartphone feature – which begs the question, is this the year that Apple introduces their long awaited iWallet application? ”

Read more in the full article here.

[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]