The iPhone 6 is going to attempt to replace your wallet, according to a report from Wired, claiming Apple’s mobile payment system will debut as a major feature in the iPhone 6, and NFC is a key piece of the puzzle.
Apple’s mobile payments platform will take on Google Wallet, Square, and others this September by adding NFC and a secure element to store all your credit cards info on the iPhone 6, allowing users to make NFC payments with retailers with out having to fumble around with your cash or credit card.
Apple’s big plan for mobile payments could debut as early as the iPhone 6 this fall, according to a new report from The Information. While the company has been in talks with major players in the payments industry for a while, its efforts haven’t made it into the light of day yet.
The mobile “wallet” would allow the user to pay in the real world using just their iPhone, and Apple already has the security feature in place to make it all work seamlessly.
Want to be able to order and pay for burgers using your iPhone?
Burger King has announced that it will be releasing a dedicated mobile app, featuring a Passbook-style virtual card that allows users to load on cash and then use this to make payments.
According to an article published by Bloomberg, the Burger King app will also include “coupons for deals, such as $1 any-size drinks and free fries, as well as nutrition facts.” A feature allowing you to place an order for pick-up at a later time will additionally be included.
An iPad, Square, and an internet connection is all you need to run a small business.
Square, the mobile payment startup that lets you pay for your coffee with an iPhone app, has announced a new product for small business owners. Since Square already specializes in helping merchants use the iPhone and iPad to process payments, the company is launching what it’s calling a “Business in a Box.” The package includes an iPad stand, cash drawer and optional receipt printer. It lets Apple’s tablet totally replace a traditional cash register.
After delays, Isis will launch its NFC-based digital wallet in just two U.S cities.
After months of delays, Isis has announced the debut of its mobile payment system. A joint venture by AT&T, T-Mobile, and Verizon, Isis made news earlier this year at the Mobile World Congress in March, but has been pretty quiet since then. During that quiet period a number of other players in the mobile payment market have stolen the spotlight and announced major deals.
Apple is expected to eventually unveil its own mobile payment system, one that will most likely be based around the iTunes Store payment system, but hasn’t made announcements beyond iOS 6’s Passbook feature. Apple has also kept quiet about whether it will include NFC chips used in some mobile payment systems in the upcoming iPhone 5, which some analysts and pundits consider a barrier to entry into the mobile payment market.
PayPal looks to expand its mobile payment market share and features with an app-based payment trial at McDonald’s locations in France.
Square’s announcement of its partnership with Starbucks and the launch of new mobile payment company by several key retail and service chains were signs that the mobile payment industry and digital wallet concept is big business. Late last week, however, there was more news on the mobile payments front that proves that the race is far from over – one could even say that it’s barely started.
In a move that could make Square’s deal with Starbucks seem small and limited, Reuters reports that PayPal may soon be expanding its brand of mobile payments to include on the biggest fast food chains on the planet – McDonald’s. PayPal is currently testing a payment system in 30 McDonald’s locations in France. The company demoed the technology earlier this year.
Major retails join forces on mobile payments system to fend of Google, PayPal, Isis, and other potential digital wallet competitors like Apple.
In a move that makes the Square/Starbucks partnership announced last week look like small potatoes, a group of national and international retailers announced plans to develop their own mobile payment network complete with mobile apps and digital wallet functionality. The move seems almost certain to shake up the nascent mobile payments market where a wide range of companies and organizations have been trying to figure out the secret sauce that will turn mobile payments into a mainstream retail system for the past couple of years.
The Merchant Customer Exchange or MCX, as the new company is known, plans to deliver a solution that offers convenience in both making purchases and in receiving customizable offers from retailers. Development of a mobile app and payment network are underway, but MCX has yet to announce any details about either the app or its network.