“When Touch ID was first rumored, there had been much speculation about whether the iPhone 5s would act as an electronic wallet, with payments to retailers authorized by fingerprint,” Ben Lovejoy reports for 9to5mac.
“While that hasn’t yet happened, it does now seem clear that it’s on the way,” Lovejoy reports. “Asked about mobile payments during yesterday’s earnings call, CEO Tim Cook gave what is, in Apple terms, a surprisingly direct response: ‘The mobile payments area in general is one we’ve been intrigued with. It was one of the thoughts behind Touch ID […] it’s a big opportunity…”
“Cook’s unusually forthcoming comments very much indicates that mobile payment via Touch ID is a question of ‘when’ not ‘if,'” Lovejoy reports. “That isn’t going to happen overnight, but with major retailers already investing in iBeacon technology, there’s no reason at all we couldn’t see some pilot projects up-and-running in the near future.”
Read more in the full article here.
iWallet: Apple exploring expansion of mobile payments, sources say – January 25, 2014
Apple patent application reveals secure iWallet system with iBeacon – January 16, 2014
Apple’s revolutionary iWallet is coming – December 10, 2013
Apple could have 250 million iBeacon-capable units in the wild by 2014 – December 7, 2013
Apple turns on iBeacon to guide shoppers at 254 U.S. retail stores – December 6, 2013
Analyst: Apple to reach 600 million users with credit card accounts on file by year end – June 4, 2013