Apple has filed a patent which uses NFC and Bluetooth technology to enable person-to-person payments between iPhones or Apple Watches. The system would enable users to choose a card from their iPhone’s Wallet, enter the amount they want to pay and then authenticate it through Touch ID. A payment packet would then be transferred over WiFi or Bluetooth, with NFC used to verify the transaction and encrypt the data.
Whether the system ever makes it into the wild and how popular it would be is debatable. PayPal first let iPhone users make payments by bumping handsets together in 2010 but has seen little uptake.
Separately, Apple Pay appears set to launch in the UK next week. A leaked memo from supermarket Waitrose suggests the service will go live on 14 July. The U.K.’s Apple Pay launch will mark Apple’s first expansion of the service outside of the United States. Like in the U.S., a PIN won’t be required for usage, but the launch will include a £20 cap per transaction. However, seems like U.K. systems will be updated in the fall to process higher values. Apple is also currently working on bringing the service to Canada later this year in addition to China and South Korea in the future.
Source: finextra.com, nfcworld.com, http://9to5mac.com/
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
