“According to the U.S. Census Bureau, consumers spent an estimated $2.4 trillion on their credit cards in 2012,” Christopher Versace reports for Forbes. “Smartphone penetration is high in the under 35 age group, but are they willing to use their devices to pay for things?”
“Turns out that data from consumer research firm Harris Interactive shows that at the end of 2012, 13% of poll respondents have either paid in this manner themselves or witnessed it firsthand,” Versace reports. “The Harris poll revealed that two-thirds (66%) believe smartphone payments will eventually replace payment card transactions.”
Versace reports, “While consumers tend to gravitate toward what is easiest, they do have concerns – half of the Harris poll respondents said they don’t want to store sensitive information on their phone, and 40% don’t want to transmit sensitive information to a merchant’s device… With the Apple rumor mill once again kicking up, some capabilities in the would be iPhone 5s could help Apple reclaim its smartphone crown.”
MacDailyNews Take: Reclaim what? Do some research. Apple’s already wearing the smartphone crown:
• World’s best-selling smartphone: Apple iPhone 5; iPhone 4S #2, third place Samsung Galaxy 3 brings up rear – February 20, 2013
Versace reports, “I’m referring to the chatter that the new iPhone model would include fingerprint recognition technology that Apple acquired when it bought AuthenTec last year. If that turns out to be true, Apple would be able to leverage it’s growing Passbook ecosystem along with its more than 500 million iTunes account that have a credit card on file to jumpstart the mobile payments in an easy to use and secure way.”
Read more in the full article here.
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Apple’s next-gen ‘iPhone 5S’ to feature fingerprint sensor, NFC-based ‘iWallet,” sources say – March 11, 2013
Analyst: Apple’s next-gen iPhone’s Home button fingerprint sensor would be difficult for rivals to copy – January 16, 2013
AuthenTec’s sale of encryption unit hints Apple’s interest lies in NFC and fingerprint readers – November 19, 2012
Fingerprint sensor maker AuthenTec said to dump non-Apple customers in 2013 – September 25, 2012
Apple steps closer toward integrated mobile payment market – August 29, 2012
How NFC could fit into Apple’s iPhone 5 – August 29, 2012
Apple wins NFC-enabled barcode-reading ‘on-the-go shopping list’ patent – August 7, 2012
Apple’s $356 million AuthenTec buy a possible prelude to mobile e-payments – July 27, 2012
Apple patent application details iOS devices that control everything in your home via NFC – July 27, 2012
Apple to buy AuthenTec for $356 million – July 27, 2012
Researcher takes complete control of Android and Nokia phones by merely waving another device near them – July 26, 2012
Mobile e-payments via NFC not ready for prime time until Apple says it is – July 18, 2012
How local businesses and Apple’s Passbook could deliver an unbeatable iWallet – July 13, 2012
The death of cash; paying by iPhone about to become a way of life – July 9, 2012
Don’t overlook Apple’s new Passbook or you might miss the future of payments – June 12, 2012
Apple granted U.S. patent for all-new iWallet credit system architecture – June 5, 2012
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
The Apple competition chatter, “I can do anything you can do, better!”
… and much cheaper.