We have been hearing rumors for quite some time on the new features that will launch with the new iPad 2 and iPhone 5, now Bloomberg are reporting that the new iPhone 5 and iPad 2 will feature NFC capabilities.
NFC or Near Field Communication would add a range of interesting new features to the iPhone 5 and iPad 2, one of those could be a new mobile payment system.
The main goal for Apple would be to get a piece of the $6.2 trillion Americans spend each year on goods and services, Crone said. Today, the company pays credit-card processing fees on every purchase from iTunes. By encouraging consumers to use cheaper methods — such as tapping their bank accounts directly, which is how many purchases are made via PayPal — Apple could cut its own costs and those of retailers selling Apple products.
Apple would be able to launch a new NFC payment system to their existing customers who use iTunes and their app stores, and any of them who purchase the new iPad 2 or iPhone 5 would be able to use the service.
Latest Geeky Gadgets Deals
Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn about our Disclosure Policy.