Guest Post: A new Apple payment system rumours

by Katerina Merzlova, a copywriter with Intellectsoft

The number of rumours about new Apple products continues to grow at an incredible rate. Just recently several sources have become aware of new patents which suggest that Apple is planning to enter the mobile payments sector. Apple is already seriously to reconsidering  the reasons why the company has ignored NFC technology in its devices. Since 2010,  the company has been gathered patents on various methods of using NFC.

However, there is no actual implementation of the technology [by Apple] as yet – because the necessary chip is missing in the iPhone 5.

But the next Apple iPhone (probably the 5S which supposedly to be in development) may go on sale before Q1 2014 with a contactless payment system.

All the ballyhoo was provoked by a patent, which the Office for Patent and Trademarks in the United States of America issued on April 4 [2013].

It describes a method of making financial transactions, meaning that the user will take pictures using the smartphone app in the device of the cheque or bill for services.

Then later, send data using a wireless communications device, and confirm the payment for the purchase by a smartphone.

The text of the proposal explicitly states that this method can be used via a Wi-fi and/or NFC connexion.

It is extremely likely that iPhone mobile payments will be made through iWallet.

The reasons why specialist app developers like Intellectsoft delay release of iWallet are obvious: – Apple will have to release an ideal-in-all-terms product as the competition is hard.

Tom Noyes, a professional IT blogger, suggests that Apple will rely on biometric sensor technology in security issues here.

According to Noyes, the phone will also get an integrated fingerprint reader.

Perhaps it will be located under the main button at the bottom or right on it? The reader will recognise the owner and approve payments.

Another payment innovation from Apple is not connected with a contactless technology, but it is also very interesting – buying via iTunes.

According to the patent application form completed on April 9th, the company plans to let users of its online store to shop even when offline.

This step will allow almost half a billion users with accounts on iTunes to buy new and used things in the store.

The scheme which has been issued in the application is the following: – media content will be pre-loaded to the user’s device and is stored in a locked mode.

If the users are located in a place where there is no access to the Internet and want to buy the content, they pay for it using a pre-made transaction. The locked is then removed.

However, there are more problems with this system than advantages to it.

It is unclear how much of the content will be downloaded to the device and where it will be stored.

It is also unknown on what basis content download will be selected. It is not known what is the minimum sum of money that must constantly be on the account, too.

However, one thing is known for sure. If all of the Apple initiatives which are described above become implemented this year, the company has a good chance to get ahead of Google in the field of mobile payments.

Author biog

Kate Merzlova is a copywriter from Intellectsoft – a leading Android apps development company. She likes to talk about everything mobile and to write reviews of newly released tech improvements.

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One Response to Guest Post: A new Apple payment system rumours

  1. Pingback: Guest Post: A new #Apple payment system rumours | Blog by Tech Corp Legal LLP | Patent | Technology | Law | Business | Social Media

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