“I’ll say it again: Apple will not ‘do’ payments,” Tim Green writes for Mobile Entertainment. “But it will use the iPhone to prove to shops that you are really you.”
“Funny to see the Apple NFC rumours re-surface again this week. Apparently, Cupertino has done a deal with a Chinese bank to support an NFC-enabled Passbook app that can make payments. And it’s gearing up to include NFC in iPhone 6,” Green writes. “Now, I don’t have any insider info on this (does anyone when it comes to Apple?), but I have read loads and loads of technical payment papers to try to get my head around what might happen next. And nothing yet has changed the contention I have always held: Apple will not do payments. Apple will do authentication.”
“How does Apple make this happen?” Green writes. “I don’t know for sure. No one does. But here’s a guess. Apple introduces some kind of payment API for apps. It means that apps or Passbook products can ask ‘do you want this app to store your card info?’ and one click retrieves the details from your iTunes account.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
Related articles:
Apple’s next-gen iPhone likely to include NFC payment functionality, source says – May 12, 2014
KGI Securities Kuo: Apple to include NFC in iPhone and iWatch – April 11, 2014
Not For Commerce: As Apple declines support, more retailers drop NFC – March 19, 2014
A writer with uncommon sense.
NFC. Not a F’n Chance.
Apple could enable NFC technology today and I would disable it. When it comes to taking money out of my pocket, I will be the one in control – not Apple or anyone else.
Say what again?
Abbreviated Version: F*K NFC.
Apple is NOT doing NFC. There’s no need. Retailers would have to purchase new payment terminals when most have bar code scanners in place already. All Apple needs is the background payment system and either one payment app or let merchants build their own apps (like Starbucks has). Passport can be used very easily. You could even link debit and credit cards this way. Much better and safer than NFC.