As the launch of the iPhone 5 nears, the rumors continue to fly. It appears that the possibility of making payments with your iPhone 5 using a speculated Near Field Communication chip are likely to become reality. On March 14th, The Independent stated that next iPhone would not include a NFC chip due to the lack of standard across the industry. Although, based on conversations with an unnamed entrepreneur working on a NFC product, Apple is including the chip in their newest phone. He also goes on to state that NFC reader manufacturers are ramping up production for this summer.
Android began building NFC into their latest version of Android (2.3), and Apple is rarely a generation behind. I am sure that I am not the only one that sees the possibility of Apple charging a small percentage transaction fee for each purchase made using the NFC chip (30%?). Apple is already owning the App Store and iTunes, could these transactions be what is next for the company?
One of the latest, juiciest rumors about Apple’s upcoming iPhone, dubbed iPhone 5, is that the device will not include a wireless technology known as Near Field Communication or NFC. That tidbit came from the UK publication The Independent, which said on March 14 that Apple had decided against incorporating an NFC chip into the next iPhone because it was “concerned by the lack of a clear standard across the industry.”
The revelation surprised many because NFC, which will enable mobile payments and other “contactless” communicationsbetween phones and special readers, has been a rumored iPhone 5 feature for months. Google also built NFC into the latest phone-specific versionof its Android software. After Google’s NFC announcement late last year, it was widely presumed that Apple would embrace NFC, as well.
From what I hear, it is possible the iPhone 5 will include NFC. An entrepreneur who is working on a top-secret NFC product told me today that he believes the iPhone 5 will have NFC and cited a friend who works at Apple as a reliable source for the information.
To further bolster his statement, the entrepreneur said that manufacturers of NFC readers – whom he has been talking to for his own product – also expect the iPhone 5 to have NFC. These manufacturers are gearing up for the additional NFC traffic the iPhone 5 will bring, likely this summer, said the entrepreneur.
Barring an iPhone leak like the Gizmodo saga from last spring, we won’t know for sure until Apple holds its annual iPhone event, probably in June. But I trust this source and know he has connections in the NFC market because of his own project. Dan Frommer at Business Insider also thinks an NFC-enabled iPhone 5 is plausible.
About the Author (Author Profile)
Born and raised in Southern California, I am very open minded when it comes to tech. I use both Android and iPhone, Mac and PC. Also a motorhead and enjoy fast cars and bikes.