Could NFC Tags For iPhones Get Apple To Create An iWallet?

Discussion in 'Travel Technology' started by sobore, Apr 23, 2012.  |  Print Topic

  1. sobore
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    sobore Gold Member

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    There have been a handful of technologies touted over the past few years that would remove (or dramatically reduce) the need to carry our credit/debit cards, loyalty cards, and even cash. For the past couple of years, NFC has been the technology of choice for turning our phones into digital wallets. Google and RIM have built NFC support into their respective mobile OSes and a handful of manufacturers have built NFC phones, but the technology hasn’t lived up to the hype.

    A big part of the problem is getting a range of companies with very different focuses to agree on several key variables. At the very least, it requires mobile OS and hardware manufacturers, banks and/or credit card companies, and mobile carriers to pull together. Even then, getting NFC in wide scale use requires users to purchase phones with NFC built into them. In other words, even if the stars align to create an NFC payment system, it might not see mass adoption for at least a couple of years as users renew mobile contracts and begin buying appropriate mobile phones.

    Then there’s the nasty little fact that Apple has always been mum on the subject of NFC iPhones (or other devices). Any NFC solution today would miss a sizable segment of the market because Apple hasn’t put the technology out there.

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