Apple iPhone 5 & iPad 2 To Support Mobile Payments With NFC

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A report from Bloomberg claims that Apple will use a Near-Field Communication (NFC) chip in the iPhone 5 and iPad 2 to enable the option of mobile payment. This NFC technology already exists in some devices (Nexus S), but having it in Apple products could change the reach and depth of this dramatically. Moreover, reports are also surfacing that Apple plans to entice users with loyalty credits and points. This way you don’t use the likes of Android and BlackBerry.

As BGR states, Apple “could theoretically have a much easier time than its competitors building a successful mobile payment service thanks to the millions of credit cards associated with iTunes it already has on file. Future iPhone users could simply enter their iTunes passwords a single time and accept a license agreement, and the service would then be enabled and ready for use.”

So what do you think? Should this be a feature that Apple pursues for their next generation iPhone and iPad? What I am sure of, is if Apple gets behind this technology whole-heartedly, vendors and other manufacturers will adopt it ASAP! Sorry Google, these guys just have a way with marketing.

[via link=””]BGR[/via]

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