“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?
Related articles:
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
is cash still legal tender?
doesn’t matter, not much difference between a fiat currency and zero’s and one’s.
Idea:
Use this to place limits on the spending for a child’s Apple ID that’s is a sub-account of a parent’s Apple ID
i.e. a kid’s allowance. Nice.
Precisely
“MacDailyNews Take: Autumn 2013?”
No: Fall 2013
The patent covers the technology to debit your Apple ID while driving in the RDF of an Apple Store without reaching for your wallet or purse.
I’m the biggest Apple fan, a happy user, loyal customer and a thrilled long-term AAPL shareholder. BUT after seeing Apple’s name on an NSA PowerPoint listed as a contributor to the PRISM program — no way in hell I’m signing up for iWallet.
I was surprised they even mentioned the iCloud Keychain yesterday. I literally could not believe I was seeing that.
Yeah cuz the NSA doesn’t have MasterCard and Visa by the nuts too. Wait, what’s that? Are you sure? Oh, okay. Scratch that. My bad.
Well I’d be willing to bet that Google gave the NSA access quickly and willingly in exchange for some under the table deal…while Apple probably was served a court order by the secret court FISC and fought against it for years. I think I saw that Apple didn’t join prism till many years after Google, Mocrosoft, etc.
Anyway the data collection is so vast now you’d have to live like an Amish not to have your info collected. I’ve always suspected something like Prism was going on so not too surprised to see it finally outed.
Apple probably held out as long as Jobs was here.
precisely.
Google wasn’t invited to Bilderberg for crumpets and tea.
The sooner we have all financial transactions recorded in detail, the quicker the country will get out of debt because they will collect the taxes owed on all ‘under the table’ deals. Pay your taxes . . . it lowers taxes for all of us when we all pay every dime owed.
you are the dumbest motherfucker that ever lived.
seriously: the. dumbest. motherfucker. that. ever. lived.
You make Seamus look like Adam Smith.
you’re like a new category of dumb motherfuckerness. You’re light years exponentially ahead of the second dumbest motherfucker that ever lived.
Is that your best response? Life for you is about getting every thing you can for free and not paying for the government services you claim to cherish like the military. Free loaders like you are the downfall of the USA and are beneath contempt. I pity you in your miserable life without hope or love for anyone but yourself. Did that cover it?
I earn every fiat dollar I get, I am profoundly against every undeclared war, but most of all I loathe and despise foreign, dumb motherfuckers like you who have the audacity to prescribe what is best for my country.
botvinnik, the overbearing, self-righteous example of humanity that gives other Americans a bad name.
Melvin, you idiot, I’m a Somalian pirate expatriate.
Incidentally, DMFTEL, what did you pay in US federal income tax you entire life?
let me answer that for you: zero. Oddly that coincides with your sense of honor.
boom.