NFC-Based Mobile Payments Said to Be a 'Hallmark' Feature of iPhone 6

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Aug 28, 2014.

  1. macrumors bot

    MacRumors

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    Apple's next iPhone may indeed include a mobile payment platform, claims WIRED in a report released Thursday. Wired's sources didn't not reveal how the system would work, but the publication was told that near field communications (NFC) technology will be part of the system.
    Rumors of NFC support in the iPhone have been an annual occurrence over the past several years, but things may finally be coming together for Apple with NFC and its rumored mobile payments initiative. Additional evidence for NFC was spotted in schematics leaked by GeekBar, which suggest Apple may be using a version of the PN65 NFC package from NXP, which measures 5 mm x 5 mm and has 32 terminals for connectivity. A comparison of this component with alleged iPhone 6 logic boards published recently by Nowherelse.fr reveal an unused spot on the board that could accommodate this NFC chip.

    A growing body of evidence suggests Apple is working on a mobile payments solution with NFC as an important component. NFC has been mentioned along with Bluetooth LE in patent applications that describe possible mobile payment solutions. Analysts from Morgan Stanley and Brightwire, as well as high-profile KGI Securities analyst Ming-Chi Kuo all believe Apple will be adopting NFC as a core technology for the iPhone 6.

    Apple is rumored to be working on an upcoming mobile payment solution that leverages the credit card data stored in millions of iTunes accounts. Apple is said to be working with credit card companies such as Visa about a possible partnership that would allow it to bypass third-party payment processors. Apple CEO Tim Cook also alluded to mobile payments earlier this year, noting that mobile payments were "one of the thoughts" behind Touch ID.

    Update 10:17 AM: Re/code's John Paczkowski says he has "been hearing the same" about the iPhone 6 coming equipped with NFC technology needed for a mobile payments solution.

    Article Link: NFC-Based Mobile Payments Said to Be a 'Hallmark' Feature of iPhone 6
     
  2. macrumors 68040

    boshii

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    #2
    Makes sense. September 9th can't come soon enough!
     
  3. macrumors 603

    Menel

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    #3
    Might be cheaper for VISA than billions of emv chip cards.
     
  4. macrumors 6502a

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    Brooklyn, NYC
    #4
    Just sitting here. Waiting to throw my money at Apple.
     
  5. macrumors regular

    Joined:
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    Southampton - United Kingdom
    #5
    Honestly, NFC doesn't bother me. Maybe the iPhone 6 can change that.

    Time will tell.
     
  6. macrumors 6502

    Joined:
    Feb 7, 2011
    #6
    Even if they get it working, we'll undoubtedly still have to pay the 1-3% processing fees for transactions. Bitcoin. Done.
     
  7. 73b
    macrumors member

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    #7
    Finally. Although I won't use NFC very much, I prefer AirDrop over Samsung's touch-the-backs thing. And I don't have a credit card.
     
  8. macrumors 68000

    Crosscreek

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    #8
    I could take it or leave it. Not important for me.
     
  9. macrumors 6502a

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    #9
    So, a few technologies converging and... payment with a single fingerprint? After you've seen your receipt automatically appear in an app by the cashier? I think I can get behind that.
     
  10. macrumors newbie

    Joined:
    Aug 28, 2014
    #10
    Mmmmmm...just another branch to the tree...I always thought they would never do this after what phil said...but things change :)
     
  11. macrumors G3

    roadbloc

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    #11
    Pretty late hallmark. I can already do this with my BlackBerry.
     
  12. macrumors 6502a

    Joined:
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    #12
    If this can somehow prevent me from having to use my debit card and constantly having my bank account info compromised, I'm friggin looking forward to it! I'm assuming this is more secure considering it will utilize the finger print sensor to authenticate purchases.

    Of course, when entire bank accounts are being hacked I suppose it doesn't really matter.
     
  13. macrumors 68040

    Joined:
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    #13
    Great! I can eliminate the need for a debit card. If I can carry one less thing in my pocket, I'll be happy.
     
  14. macrumors 65816

    luckydcxx

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    #14
    I see what you did there ... i think the iWatch will also be able to make mobile payments :D
     
  15. macrumors newbie

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    Aug 18, 2014
    #15
    The iTunes account part does not sit well with me. The card number on a magstripe or RFID portion of a credit card has data that is not written on the card anywhere. This data is nowhere in iTunes. This would force stores to either implement a new payment method (won't use using contactless) or force the stores to use a higher interchange rate. Neither solution is optimal to me.
     
  16. macrumors 6502a

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    #16
    That'll be disappointing.
     
  17. macrumors 65816

    luckydcxx

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    #17
    Oh really, tell me how many payments you made with your blackberry. Im sure you use it all the time. :apple:
     
  18. macrumors 6502

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    Europe
    #18
    reliable Ming-Chi Kuo right again...
     
  19. macrumors newbie

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    Aug 18, 2014
    #19
    I am assuming you are outside the US.
     
  20. macrumors member

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    May 28, 2010
    #20
    Is your BlackBerry secured with your fingerprint?
     
  21. macrumors 603

    jrswizzle

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    #21
    Great, I can trade not using the NFC on my Nexus 5 for not using it on an iPhone.....

    Maybe with Apple on-board, NFC mobile payments will take off here in the US.
     
  22. macrumors regular

    thewebb

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    AZ
    #22
    If Apple does do nfc payments, then in about 2-3 years most retailers in the US will have this option at checkout
     
  23. Moderator

    maflynn

    Staff Member

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    #23
    A little late to the party but then to be honest, I've never seen anyone use NFC to pay for anything here in the US. I wonder how prevalent it really is.
     
  24. macrumors newbie

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    Aug 18, 2014
    #24
    Oct 2015, when retailers go EMV, they will also most likely support NFC regardless of Apple.
     
  25. macrumors 6502

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    Location:
    New York
    #25
    How do you know?
     

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