Sunday, October 17, 2010

Apple Looking at Near Field Communication (NFC)

For those wondering where the mighty Apple is going next, look no further than this article. Near field communication (NFC) is a shrot range wireless protocol. It is most commonly seen in contactless payments where users wave a Visa or Mastercard key fob near a receiver to pay for products. Now it looks like Apple may be embedding similar technology into its iPhone line of products. This means that users could use their phone to pay for products. Consider iPhones are already directly linked to the users credit card account this is a natural extension. Being able to pay for products with an iPhone could have dramatic impacts on the fees credit card companies charge and increase the amount of money Apple collects along the way. No doubt the other phone software makers will follow suit.

Read the article.

(submitted by Kenneth Rhode)

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