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Apple iPhone 5 to support online payments

Posted by Gary RK on March 2, 2011 at 1:10pm in Business

It looks as if Apple intend to implement an online payment systems into the new iPhone 5 by using 'near field computing' - this appears similar to the RFID swipe chip payment cards already in use by Barclays in the UK (as I understand it)  The phone is simply 'swiped' over the merchants terminal in the shop etc

 

On a different approach, did you know that there is already a card swipe addon unit for the iPhone 4 that is compatible with Intuit's Quickbooks accounting package in the US ?

 

Not sure if it will make it here, but it clips onto the port at the bottom and is of a 'jacket' design (ie it encompasses the phone like a protector). Once the app is activated the card is simply swiped and online verification takes place. This could be a cheaper method than using merchant card terminals or easier than other online payment systems.

 

Times and technology are moving fast and it looks like Apple are pushing it forwards...

 

 

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Tags: cards, credit, iphone
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  • PRO
    Gary RK March 2, 2011 at 1:22pm

     

    See here : http://www.onlinesocialmedia.net/20110201/iphone-5-news-visa-testin...

     

    Its a way off yet, Apple have a very carefully constructed product marketing schedule to ensure you get "hooked". The rumours suggests an Apple iPhone 5 annoucement in the Summer.

     

    To wet everyones appetite and get developers working, it has released details of new likely features, but I expect it will be later this year or next year...

     

    They'll want to get the iPad 2 out (due soon) before they push on with the iPhone 5. Also I suspect they will lay the foundations for this technology in the iPad's new o/s so tthe iPhone release will be 'trouble free'.

     

    They are so good at driving consumer desire to own the latest product :-)

  • chris nangle March 2, 2011 at 5:30pm

    I fancy one too but im not going to pay the huge amount they want for one,we run apple computers and have done for the 12 years I have found them to be spot on and trouble free ,but the price of the iphone is a step too far for me.

    htc or another blackberry i think

  • PRO
    Gary RK March 2, 2011 at 6:04pm

    You can still get new 3GS for ~£60 on a £35.00/18month tariff on o2....(cause i just got another one...)

     

    The 4's are still expensive, but past experience shows the price drops....

  • PRO
    Brian www.mibservices.co.uk March 2, 2011 at 6:27pm
    iphone 4 £29.99 buys you it if you sign up for a £45.00 month 2 year contract with orange. Unlimited everything deal
  • PRO
    Gary RK March 2, 2011 at 7:08pm
    Oh b***er, that is a good deal....:-0(

    Brian www.mibservices.co.uk said:
    iphone 4 £29.99 buys you it if you sign up for a £45.00 month 2 year contract with orange. Unlimited everything deal
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