“Over the years, the company has filed a number of patents relating to an e-wallet platform. One, published this past January, detailed how dual wireless protocols like NFC and Bluetooth could be paired to complete a transaction while sensitive data is stored in a ‘secure element’ in the device’s hardware,” Bonnington reports. “Another patent describes a payment system that’s location and context aware, offering the user various options (like rewards cards or coupons) when relevant.”
Bonnington reports, “Touch ID will also likely play a role in securing the platform, and it could make sense for Passbook, Apple’s hub for tickets and coupons, to get some level of integration with the service too.”
Read more in the full article here.
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