March 8, 2012
As reported by American Banker: “The (apple mobile payment) patent, which has been in the works for some time, covers a method to allow an embedded NFC chip to be used to execute mobile payments when an iPhone user pays at a point of sale terminal. The patented technology allows card companies to send information to […]
March 15, 2011
The rumor mills are all astir over Apple’s supposed lack of Near-Field-Communication (NFC) functionality in its next iPhone release. Regardless of what Apple does or does not include in its next release, the future of mobile payments remains complicated. I have highlighted two paragraphs (in this color) in the article below that attest to the […]
August 24, 2010
....Apple is going to have to navigate the "follow the money" trail to get all the players to cooperate and share the mobile revenue. Telecommunications companies, card issuers and merchant acquirers must get their share of rewards if Apple is going to pull this off. But if Apple's history and business model philosophy is any indication, they have the clout to bring all the players to the table.