That'd be funny going into Starbucks and pulling out your oversized iPad and then waving it around to pay for your coffee. 
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Apple to Add Near Field Communication (NFC) Payments to iPad 2 and iPhone 5?
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Yeah but what proportion of the worlds population does that 3% represent. Predominantly western affluent spenders. Cash is still king globally, very few of the worlds population have credit cards and only a handfull more have debit cards.
For transactions of less than £10/$20, cash is still the preferred option, but cash is rubbish, counting the stuff, dealing with change, not having enough on you. Retailers hate managing the stuff as well. Coupled with the fact that kids have to be teenagers before we'll give them a debit card and an adult before they get a credit card. (good thing, i think adults should be given a credit card drivers test before let loose with one).
There's a major opportunity for a pre-paid cash alternative and if it's coupled with your iDevice which is the premier platform for buying digital media on the go, you have a match made in heaven.
The value add that Apple can offer is immense,
1.pay for all the little stuff you normally keep cash for', bus, train, coffee, newspaper,
2.keep a track of the those little payments, that are a hastle to record.
3.electronic pocket money for the kids, transfer straight from your iDevice to theirs.
4.geolocation based offers, discount token pops up on phone, pay the token and/or eCash direct into the retailers system.
Not to mention the other uses apple seems to have thought up for NFC. Contact exchange, the formation of adhoc iGroups, wifi key setup, login token onto workstations, app exchange.... just read through the NFC section of patentlyapple.com and you'll see it goes way beyond money.
As stated earlier, the banks are already implementing similar technology with RFID chips on their cards. They already have the infrastructure in place in every store and just need to update their terminals.
It's going to a huge task for Apple to start from scratch and get their terminals into every retailer. That's why it makes more sense to work with the banks and not go into competition.
Totally fine with this story not being of interest to you, but I think it would be great if Apple supported/used the technology and provided something better. My iPhone uses the same wireless network that my previous phone used, but my experience is much better. I would love to swipe my iPhone at the ticket wicket instead of having to deal with cash when purchasing a train ticket. In terms of selling more phones, in some countries, adding NFC would be a good thing.
Well, I do agree that adding some 'smarts' to the experience would be beneficial - readout of transactions etc. (Although the credit card company could add the same value through an iApp).
If it's just adding the same chip that credit cards have though, the experience wouldn't be any different. Wave your phone or wave your wallet... what's the difference?
"next iteration of the iPhone for AT&T Inc. and the iPad 2, Doherty said."
Just AT&T? I find it hard to believe that Apple would split the line and not have it for both the GSM and CDMA.
Just AT&T? I find it hard to believe that Apple would split the line and not have it for both the GSM and CDMA.
might be useful one day, especially on the iPhone - not sure if I would use it from the iPad, since I usually don't carry that one into stores, but makes sense to add it to all portable iOS devices.
I'll still prefer good ol' cash
Yep.... and double resolution on the iPad2
sorry... Wrong thread LOL Agreed. If the article is right this will fail. Apple are far too controlling in their partnerships to build sufficient scale for it to take off, and iTunes payment integration is an anti-trust and security nightmare waiting to happen.
If they're more open about it and are just building compatibility for third party solutions then it'll do very well. For instance, I would really like the NFC built into my Oyster Card that runs my yearly train subscription to be integrated into my phone. It's for access only and would save me carrying an extra item around.
Phazer
How? The iPhone (or any phone) with an RFID chip would allow you to not have to carry your RFID cards and use one device for multiple. This would add to the system, not take away from it.
No you're not. I saw a segment on the news where a guy with a laptop and some sort of reader could bump into people and extract all their RFID credit card information in about a second. It was scary how easy it was and this guy claimed he could do it with a laptop and less than $100 in hardware.
However, with that said, I would assume the RFID information in a smart phone could be managed. In other words, not transmit when you don't want it to and maybe tied to a more intelligent device other than on a card, you may have more control and therefore more security. I guess we will see when it's available. I would think Apple will take it to a new level and not just copy.
Yep.... and double resolution on the iPad2
If it doesn't double my money during the transaction, I won't be buying an ipad
Keep up Popeye. I already made two further posts after that discussing whether Apple's system will be proprietary (=no chance) or piggy back off Visa's (=not very exciting, although you could end up carrying less).
I'd only link to an account I set up specially for this with limited funds never a major account. Done that way you limit your risk to that account's funds only. Easy enough to top that account up when needed electronically.
If it doesn't double my money during the transaction, I won't be buying an ipad
It would Quadruple it if the resolution were doubled in both directions
Aren't credit card what got us into this big mess. I spend a lot of time in China and I got to tell you that cash is the best to do business
1.pay for all the little stuff you normally keep cash for', bus, train, coffee, newspaper,
2.keep a track of the those little payments, that are a hastle to record.
3.electronic pocket money for the kids, transfer straight from your iDevice to theirs.
4.geolocation based offers, discount token pops up on phone, pay the token and/or eCash direct into the retailers system.
Not to mention the other uses apple seems to have thought up for NFC. Contact exchange, the formation of adhoc iGroups, wifi key setup, login token onto workstations, app exchange.... just read through the NFC section of patentlyapple.com and you'll see it goes way beyond money.
Wow, I hadn't thought of any of those applications/features, that's pretty awesome. I was only seeing the cash register side of it, but I guess there are many more reasons to implement it! If they do put that in iPhone 5, that's going to be a big new selling point especially in the US where this technology isn't in other phones yet. And even though these payment rfid/nfc registers aren't everywhere, more and more stores would begin to adopt the technology much faster if the technology was on the iPhone. They'd see it as a necessity to stay an "in" store, and caught up with competitors doing it.
That'd be funny going into Starbucks and pulling out your oversized iPad and then waving it around to pay for your coffee.
++
iPhone makes sense. I would guess it would be in the iPad mostly for consistency across iOS devices ....
Don't forget social integration: automatically post on facebook and twitter what you bought for how much including the geo location of the purchase that all your friends can go there and get the same deal .... sounds like a nightmare to me, but seeing what other people post and update, some might like it.
I'll be able to use my iPad to pay for stuff? Oh good, now I won't look as foolish when I pull out my giant cheque-book.
BTW people:
when you can't find something = lose
when something isn't tight = loose
BTW people:
when you can't find something = lose
when something isn't tight = loose
That's because the US implementation of RFID credit cards is totally incompetent!!!
In the US, they used the same account code in the RFID that they use on the credit card magnetic stripe. So, if you read the RFID, you can create a regular card with a working mag stripe and steal money.
In Europe, a different code is used in the RFID and mag stripe, also chip&pin based card payment is more popular. Both these measures stop the threat.
I wish people would stop whining about the much (over) hyped retina display - better display is always better, but no complains from me about the current display.
The feel of real money in my hands is something I to enjoy. As for trusting my phone not to be jacked vs a very thin piece of plastic I put my money on the plastic.
Still having the technology could have other applications that we are not aware of. Say medical information on your phone for emergency reasons.