iPhone 5 release date is expected to be in Summer of 2012 and one of the iPhone 5 features expected is NFC technology.
iPhone 5 features – NFC Technology
NFC stands for Near Field Communication and recent reports from Mastercard and other App developers suggests that Apple will be including this technology in its next iPhone.The use of NFC Technology will enable users use iPhone 5 as a debit card to make payments while on Go.
NFC is like RFID working on magnetic induction and is being used in Android smartphones,Nokia and in BlackBerry Bold 9900 and 9930. With card-based services like Mastercard PayPass, use of iPhone as “virtual wallets” will be a possibility ,as one of the iPhone 5 features.
Reports from 9to5Mac also suggests that Apple iOS engineers are working on apps capable of NFC.
Ed McLaughlin, head of emerging payments at MasterCard,in an interview gave a hint that Apple is working on NFC technology.
Here is an excerpt -
The executive didn’t confirm anything outright when asked about NFC and Apple, citing confidentiality agreements:
“I don’t know of a handset manufacturer that isn’t in process of making sure their stuff is PayPass [MasterCard's wireless payment solution] ready.”
So that would include Apple then?
“Um, there are…like I say, [I don't know of] any handset maker out there,” McLaughlin says. “Now, when we have discussions with our partners, and they ask us not to disclose them, we don’t.”
I asked whether the contactless payments industry needs Apple to hit critical mass.
“Well, anytime someone with a major base moves forward, it advances what you’re doing. So of course,” McLaughlin says.
But how important is it that Apple in particular enters the game?
“I look at it the other way,” answers McLaughlin, who did not mention “Apple” even once by name. “I think as merchants provide these better interfaces for consumers–a better way of transacting–I think any consumer-focused technology provider would want to take advantage of it.”
Reports claims that by the year 2015 about 28% of smartphones which will be sold will be NFC-capable.
Also read: iPhone 5 Price – $305 For Entry Model?
Will update you more on iPhone 5 features, stay tuned!