Apple Wins Patent For "iWallet"

redletterdave writes "Apple won a major patent for its 'iWallet' technology, which is a digital system that uses near-field communication (NFC) technology to complete credit card transactions and manage subsidiary financial accounts directly on your iPhone. On the home screen for iWallet, users can see their entire credit card profiles, statements, messages from their banks, and even adjust preferences or add additional cards. Within preferences, users can schedule credit card payments and set parental controls on their children, which allows kids to use their iPhones as wallets but limits the extent to which they can use it. Users can track their payments and statements within the iTunes billing system, which keeps the credit card information safe and secure."

Comments

Re:More like iExtortion

[Anonymous Coward]

Barely any of the functionality described in this post exists in Google Wallet. This is the classic Google vs Apple situation; Google has functionality first (see voice commands vs Siri) but with limited or poorly implemented user experience or functionality. Apple just improves upon it much to the fury of Google aficionados everywhere.