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NFC and fingerprints may be central to mobile payments from Apple

10/04/2012 Julie Campbell

The iPhone manufacturer is looking at the Australian company, causing many brows to raise. Rumors about NFC technology and mobile payments options with the added security of fingerprint scanning have been flying as Apple has shown an interest in an Australian company that is working on this form of “biosecurity”. This has been especially interesting following the release of the iPhone 5, which omitted NFC entirely. Many have wondered about Apple’s decision not to include NFC technology in its latest device, and there has been no shortage of expressions of disappointment…

MasterCard released PayPass SDK for app developers

09/30/201209/29/2012 Stephen Vagus

NFC Mobile Payments Mastercard QR Code PayPass MasterPass

MasterCard continues to show support for NFC technology Most of the world’s major financial institutions have shown their support for NFC technology. MasterCard is no different, but the credit giant has been more conservative in its approach to the technology than its competitors. NFC technology is most commonly associated with mobile commerce, a growing industry that has the potential to change the way consumers make payments for goods and services. The popularity of the technology has been marred by concerns regarding safety and efficiency, causing many in the financial services…

Absentee NFC in iPhone 5 may hurt banks more than Apple

09/27/201209/27/2012 Stephen Vagus

iPhone 5 may be missed opportunity for banks looking to promote mobile commerce Earlier this month, Apple officially unveiled the highly anticipated iPhone 5. Among the numerous features included in the company’s latest iteration of its popular smart phone, the absence of NFC technology received a great deal of attention. Apple has chosen not to include NFC technology in the new iPhone 5 because of reasons concerning security and the concept that the technology does not solve any problems consumers are facing today. Apple has been criticized for its snub…

Mobile payments standard not included in iPhone 5

09/20/2012 Jesse Collins

NFC has not made its way into the latest Apple device, causing many to question the technology. Near field communication technology (NFC) has already been facing a great deal of struggle to get started, and now this would-be standard for mobile payments has taken another blow with the announcement that the chips are not embedded into the iPhone 5. Now, the prospect of using smartphones as wallets is becoming more heavily questioned. Advocates of NFC had high hopes that Apple would give its endorsement. They were greatly disappointed, though, when…

Apple debuts iPhone 5

09/13/2012 Stephen Vagus

iPhone 5 officially announced by Apple Apple has officially announced its iPhone 5. For months, rumors have raged throughout the Internet regarding the mobile device and its capabilities. Many of these rumors hinted at the device would be equipped with NFC technology. These rumors were largely based on information concerning the Passbook application, which is to be a significant feature of the iOS 6 operating system, as well as leaked photographs showing the construction of the mobile device. Apple has revealed at the Yerba Buena Center for the Arts in…