Apple is likely to incorporate a Near Field Communication (NFC) payment function in the next generation iPhone and has reached an agreement with China UnionPay on a mobile payment service, according to a source close to the matter.There are many steps on the ground show that Apple work to develop a mobile payment solution, even the Touch ID fingerprint sensor was a portion of that endeavor, as CEO Tim Cook stated during Apple’s Q1 2014 earnings conference call.
...In addition to NFC payment, the two companies will also work together on another mobile payment solution that can be used for purchases in Apple Stores, added the source.
“The mobile payments area in general is one that we’ve been intrigued with and that was one of the thoughts behind the Touch ID. But we’re not limiting ourselves just to that.”
Apple also possible combines NFC technology and its existing Touch ID fingerprint scanner into the home button, as the company filed for a patent detailing such a system last September.
Source: BrightWire via MacRumors
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