Apple Is About To Enter The Field Of Mobile Payments With The “I Wallet” Patent

March 14, 2012 - PRLog -- Hongkong March 14, 2012 - Apple lnc., with the most market capitalization in the world, may join the war of mobile payment. Mobile payment can be said to be the area in which all fields is coveting and fighting for. Apart from the mainstream non-cash payment method which is the credit card providers, the pioneer of online payment PayPal, the ISIS Union of the American telecom merchants, the new team Square which is uprising, and also Google which has mastered the Android platform, and also all the other large or small financial institutions, all of them are eager to scramble for the cake of mobile payments. And now it is the Apple lnc. which is also to take part in the war of mobile payment.

Apple has acquired a group of patented technology on NFC data transmission recently, equipped with an NFC-enabled iPhone, the credit card companies will be able to transfer the information of the bill to the user's iTunes account. In addition, just like the supplementary card of a credit card, the application also allows a sub-account holder, and the sub-account holders could pay with the same account of the main card holder, but the main card holder still has the right to set the card limit and other restrictions.

Of course, this suggests that it is absolutely possible for Apple to enter into the mobile payment field, and at the same time it also suggested the application method they choose is NFC. Right now in the field of mobile payments, the leading producer is yet to turn up, and the leading technology is also not so certain. And the NFC which Google holds may be the one which people favored. However, now the mobile phones which support NFC chip are still only a handful, and if the future iPhone makes the NFC chip become the standard application, the true era of mobile payments may then come.

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