Tuesday, September 2, 2014

New Apple iPhone Could Enable Mobile Payments

According to re/code, Apple is partnering with American Express to enable its iPhones to act as credit cards for store transactions.  Utilizing NFC or Near Field Communication, the iPhone coupled with perhaps Apple's fingerprint scanner feature, would provide the speed and security for purchases.  Instead of swiping a credit card, the user would wave the iPhone and confirm the purchase.  All this and more is expected to be announced on September 9 at Apple's big reveal.

Is this the next big thing that Apple needs to compete?  Will the iWatch be part of this announcement as well as part of this mobile wallet transaction piece?  And what about upgraded iPads, iMacs, and even the Apple TV?  With just a week to go, more rumors will fly. 

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