Archive for September 8th, 2014

by Tom Nelson

Bank Innovations is reporting that Apple’s NFC (Near Field Communication) based mobile payment system, which will be introduced alongside the iWatch and iPhone 6, will not use credit card information directly in the data exchange when users are making purchases.


Image courtesy of Apple

Apple’s payment system will make use of new NFC capabilities reported to be included in the new iPhone 6 and iWatch, both of which are expected to be announced on September 9, 2014. NFC technology has been in use for a few years, for everything from product tracking and inventory management, to payment systems that allow you to tap or wave an NFC-equipped device in front of a payment terminal.

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