The new Passport in iOS 6 (similar to 1Password), should be the feature used for NFC - Near Frequency Communication. Using your Apple ID or other accounts, wave your iPhone at checkout or equipped vending machines for payment. Ed McLaughlin, head of emerging payments at M.C., had this to state: Mastercard/Paypass to be NFC partner with Apple on iPhone 5? With "rumors" of a new back allowing for better radio reception, it seems NFC is a pretty solid confirmed rumor. Visa and MC are already rolling out new pay systems for many retailers. Time will tell. Would be nice leaving credit cards at home for a more secure system. Japan's had this for years.