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Secure Transactions News

NFC iPhone 5 rumors are back

Thursday 16 February 2012

MasterCard says more than 150,000 merchants offer its PayPass tap-to-go systems, but the technology has not yet reached the mainstream level. A reporter from Fast Company writes: “Anecdotally, I've spoken with many merchants throughout New York that accept Google Wallet, but who have never had a customer take advantage of the system. When asked why they would feature the system, one merchant said, ‘Because Google gave it to me.’”

McLaughlin sees more traction in Canada, Poland and Australia than in the US. When he added “I don't know of a handset manufacturer that isn't in process of making sure their stuff is PayPass ready”, commentators started to wonder whether Apple was included in the list. He added: “I don't know of a handset manufacturer that isn't in process of making sure their stuff is PayPass ready.”

Another hint comes from Visa: "I can't tell you when Apple is going to put NFC in the next version of the iPhone," said Bill Gajda, Visa Global Head of Mobile Product, "but we've had discussions with them around the PayWave standard and they've asked to look at our specification and certification process so that when they decide to do something those lines of communication are open."

Analysts anticipate iWallet, the nickname given to Apple version of a mobile wallet, is to be included along with NFC in the next generation of iPhone, expected to launch in 2012.

However, Cherian Abraham, Principal Analyst at Drop Labs, anticipates Apple would propose an iCloud-based payment system, that would allow the company to take advantage of its 200 million iTunes accounts. This option would not include NFC.