“Apple’s upcoming mobile payment system will get a big head start with the country’s two largest pharmacy chains coming on board,” Jason Del Rey reports for Re/code.
“CVS and Walgreens are expected to accept purchases made with the new iPhone payment system, details of which Apple plans to announce Tuesday, according to a person briefed on the plans,” Del Rey reports. “With more than 15,000 locations combined, acceptance by the two chains will give Apple a huge footprint if all of their stores are involved.”
Del Rey reports, “Apple’s mobile payment system is expected to let shoppers wave or tap their phone at checkout terminals, in part using a wireless technology known as near field communication, or NFC, to transmit payment information from a phone to a store’s checkout system.”
Much more in the full article here.
MacDailyNews Take: 11 years, 8 months and 27 days ago, or 4 years and 30 days before Steve Jobs unveiled the iPhone, this was written:
Only Apple, in concert with a partner like Verizon, Cingular, or Sprint, has everything in place to make “The Device” a reality today… Running Mac OS X or a mobile variant, it would allow the user to communicate via text, audio, and video. It would snap digital photos and organize them, do email, and browse the web. It would sync automatically with your desktop or portable Mac… It would absorb the iPod by playing AAC / MP3 audio and interface with iTunes, but it would also play feature-length MPEG-4 movies, too, in full color… McDonald’s Drive Thru’s would accept payments via Bluetooth from “The Device.” And, of course, it would have the basics like any PDA; your date book, to do list, calculator, etc… I’ll tell you one thing, if Apple can produce it, they’ll really change everything this time, and they’ll never be able to make enough. Nearly everyone would have an Apple device in their pocket… – SteveJack, MacDailyNews, December 10, 2002
Or a knockoff of an Apple device in their pocket. – SteveJack, September 6, 2014
[Thanks to MacDailyNews Readers “Lynn Weiler” and “Dan K.” for the heads up.]
Related articles:
Apple’s next-gen iPhone, smartwatch to offer NFC technology – September 4, 2014
Apple’s plan to kill PayPal has finally become clear – September 4, 2014
Apple, Nordstrom in talks to partner on iPhone payments – September 3, 2014
Analyzing the potential benefit of an Apple payment ecosystem – September 2, 2014
Apple stock at least 6% upside from mobile payments, potentially much more – September 2, 2014
iWallet: Apple teaming up with Amex, Visa, MasterCard on iPhone payments – September 1, 2014
NFC chip from NXP confirmed for Apple’s ‘iPhone 6′ – August 29, 2014
Apple may soon deliver the watershed moment for mobile payments – August 29, 2014
Apple working with NXP to bring pay-by-touch NFC technology in new iPhone – August 29, 2014
Apple’s ‘iPhone 6′ will include NFC mobile payments, sources say – August 28, 2014
More evidence of NFC support for both iPhone 6 models – August 27, 2014
Schematic suggests NFC chip in ‘iPhone 6,’ amount of RAM remains unknown – August 18, 2014
Apple’s iPhone 6 line will sport new A8 chip, faster Wi-Fi, improved Touch ID, and NFC – August 6, 2014
NFC, wireless charging, improved LTE rumored for Apple’s ‘iPhone 6′ – June 9, 2014
Apple patent reveals new iPhone antenna that adds NFC – May 22, 2014
Steve Jack = truth
I’d have to admit, “prescience” would certainly apply.
And if you understood SteveJack and bought AAPL back then, you are probably independently wealthy by now.
I often wonder what the scenario would be today if Google hadn’t thrown Android out there.
Prophetic.
On December 10, 2002, when SteveJack described what would eventually become the iPhone, AAPL traded at $1.04 (split adjusted).
WHOLE FOODS JUST CHANGED OUT THEIR CARD READERS TO ADD NFC…..
you read it here first!
My daughter and I finished up her back to school shopping this weekend. I noticed a lot of the big brand chains we were in did not have NFC capabilities on their payment systems. I asked a manager at one of the stores if she knew if they could easily add NFC to take advantage of an iWallet if Apple introduces it – she said she too was an Apple fan, and asked that very question of her regional manager the other day – he said “it wasn’t likely that they’d upgrade equipment just for iPhone users”.
But in comparison, we were in some small local shops who were using iPads as registers, and one of the shop owners said she had asked the company they bought the register from if they would be setup to use an iWallet, and she was told that it would be an upgrade to the APP, or maybe just as easy as enabling iBeacon on the iPad registers.
Not raining on your parade, but all cards are going to be chopped in the US by the end of 2015. My Mac says it is late September…
The magnetic stripe is on the way out and probably very quickly as Ammuurika (the world’s greatest country ©™ ℠) catches up with the rest of the world on replacing the 1970’s technology.
Not raining on my parade, I appreciate the heads up. Just looked into the replacement of mag strips online – found several articles claiming that chip & pin cards will be in place by Oct 2015.
F14T16 and King Mel,
I remember first reading that comment by Steve Jack those many years ago when I first started reading MacDailyNews, having switched to the Mac platform from Windows in 2001. In 2003 or 2004, I watched AAPL go from 14 to 90, non-split-adjusted prices. King Mel, you are correct, had one bought in then and held, they’d be sitting pretty with their investment. I only regret not moving faster than I did back then — it took me a couple more years to finally wake up!
I did pretty well, nsapap, but not nearly as well as I should have done. It is easy to kick yourself in hindsight, but I made some AAPL moves that seemed reasonable at the time. I sold and went to the sidelines when SJ went into the hospital for pancreatic cancer, for instance. And I was way too slow to get back in. That cost me a lot.
I would give a lot to have SJ still with us, healthy and pontificating his vision and idealism to the world…
Me too.
I often wonder what Apple would be doing with SJ in charge and with billions upon billions of money in the coffers to fulfill any of his crazy, world changing, brilliant ideas.
We miss you Steve. May you rest in peace.
A genius for all time. The greatest CEO this country has ever seen
But I thought NFC was dead?
iBeacons were all the rage for doing thins?
SteveJack! A true Apple Prophet!