“On June 11, 2013, the US Patent and Trademark Office officially published a series of 37 newly granted patents for Apple Inc.,” Jack Purcher reports for Patently Apple.
“In this particular report we cover a key iWallet patent that relates to setting financial rules for controlling a subsidiary account such as one for a child, employee or spouse that an account holder will be able to control via a new iTunes ‘Mobile Pay’ Service,” Purcher reports. “[The invention relates to] to establishing financial transaction rules for controlling a subsidiary financial account and, more particularly, to various systems, methods, and electronic devices configured to provide for the establishment of such rules.”
Purcher reports, “iWallet accounts will be able to be controlled by users in a future segment of their iTunes app currently dubbed ‘Mobile Pay’ under future ‘Services.’ Apple’s Tim Cook revealed during his World Wide Developer Conference (WWDC) keynote yesterday that Apple now has over 575 million user store accounts with credit card information on hand as of June 11, 2013.”
Read more, and see Apple’s patent application illustrations, in the full article here.
MacDailyNews Take: Autumn 2013?
Forget iTV or iWatch: Apple’s next big thing is iWallet – May 10, 2013
Apple’s massive ‘iWallet’ advantage: Over half-billion active iTunes accounts linked to credit cards – April 5, 2013
Apple’s next-gen ‘iPhone 5S’ to feature fingerprint sensor, NFC-based ‘iWallet,’ sources say – March 11, 2013
Apple’s ‘iWallet’ coming this year? – February 20, 2013