Apple Wins Key Patent for iWallet

A good number of Android manufacturers have chosen to add Near Field Communication (NFC) technology within their devices. NFC enables users to send out data between two devices. However, one of the biggest advantages of NFC technology is its capability of handling mobile payments. The search giant Google has already been using it in its Google Wallet technology.

The United States Trademark & Patent Office has granted the Cupertino-based technology giant a new key patent for the ‘iWallet’, according to Patently Apple. The new patent enables Apple to add NFC technology inside the iPhone for mobile payments.

With the help of this technology, the credit card companies will be able to charge money to users’ iTunes accounts. Using this technology will relieve customers from using cash or plastic credit cards while shopping. Making payments will become much easier for customers who just need to swipe their iPhones against the sensors placed out by credit card companies.

At the moment, NFC payment hasn’t been widely used, but now the eyes are on Apple to make this payment technology accessible to masses. The technology is being used by two on two devices featuring Google Wallet.

It’s been quite some time that we are hearing rumblings regarding an iPhone featuring NFC technology. Although, Apple has been granted with many patents, but this one seems to be the vital one.

The Cupertino-based company has already started taking initiatives to use this payment technology within its retail stores. Now, customers can opt out the cash register by paying for smaller products with Apple Store app. It is important to note here that purchases are charged straight to users’ iTunes accounts.

It is certainly a big achievement for Apple. We can expect to have this technology in Apple’s next-generation smartphone.

Enjoyed this article? Submit your email to receive daily news and updates.

***You must click confirmation link sent in email. If you don't see the email, check spam folder.

Filed in: Apple, iPhone, News Tags: , , , , ,

Leave a Reply

Submit Comment

© 2022 Tech Readers. Reproduction without explicit permission is prohibited. All Rights Reserved. XHTML / CSS Valid.