The iPhone 6 is widely expected to include an NFC chip that will enable mobile payments on the device, aiPhone 6’s hardware will support wireless payments, fresh reports from Bloomberg and Re/code indicate that Apple has recruited the three major credit card providers to back its iPhone wallet plans.
move Apple is finally ready for. In addition to leaks that seem to prove the
Bloomberg has learned from a person familiar with the matter
that Apple has inked deals with Visa, MasterCard and American Express,
which will be confirmed during the iPhone 6’s September 9th media event.
Re/code also confirms that at least American Express is on board.
Apple has long been rumored to be toying with the idea of adding NFC
chips to its iPhones, but the company has refrained from doing so in
previous years. Meanwhile, various Apple patents describing ways of securely processing mobile payments have surfaced, proving that the iPhone maker is definitely interested in this particular business.
The company has more than 800 million iTunes accounts on file
complete with payment information, which are used to purchase only Apple
products from its stores. By adding NFC support to the iPhone 6 and
reaching agreements with major credit card companies, Apple may let
users wirelessly pay for goods in other stores, as long as those
retailers use POS systems that support mobile payments.
Furthermore, Apple’s Touch ID fingerprint sensor, expected to be
found on board all 2014 iOS devices including the NFC-enabled iPhone 6
models, is expected to play a major role in securing the user’s
financial details related to mobile payments.
While NFC payments aren’t new to smartphone owners, as Android users
have offered the feature for quite a while, Apple is expected to help
them take off by adding support to its popular iPhone lineup, and that’s
despite the fact Apple isn’t the dominant
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