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Apple Hints At Near-Field Payments System In Next-Gen iPhone, iPad

Posted by timothy on from the please-swipe-this-spot-on-your-screen dept.

An anonymous reader writes "The smartphone seems to be well on its way to becoming the next wallet; and Apple could be pushing that movement along. Reports from several outlets suggest the Cupertino, Calif.-based electronics giant has plans to put a near-field communications chip in the next versions of the iPhone and iPad for contactless payments technology. The latest report, from blog Apple Insider, says Apple has put up two job postings for two global payment platforms managers."

1 of 164 comments (clear)

  1. Apple as a bank by Animats · · Score: 5, Interesting

    "Near-field" isn't the issue. It's that Apple wants to be a payment processor, handling payments through iTunes and skimming off part of the transaction.

    We need a crackdown on payment systems run by non-banks. PayPal is generally agreed to be terrible at handling problems and acts irresponsibly with the money of others. Most of PayPal's competitors are worse. Payment systems need to be run only by companies subject to regulation as banks.