toggle

AAPL Stock: 97.67 ( + 1.41 )

Printed from http://www.macnn.com

Apple patent application depicts direct payment iPhone app

updated 02:00 pm EDT, Wed May 12, 2010

Could use iTunes, regular financial services

Apple is considering the possibility of direct payments via iPhone, according to recently published patent application documents. Under a proposed scheme, two essential components would be involved: a handheld equipped with a near-field communications receiver, and a dedicated iPhone app, here labeled "Transaction." To send or receive money, a person would launch the app, bring the iPhone within range of another NFC device and tap to authorize a transfer.

Potential devices to interact with include computers, smartcards and other handhelds. The app could allow for several different payment methods, such as checks, credit cards or even iTunes accounts; to simplify entering data, a camera function could be used to scan and record some items. In any case transactions would be authenticated through a secure link to a financial server. At places like restaurants, some bills could be split by joining an ad-hoc network to organize sharing.

Apple has filed for several patents on NFC payment technology in recent months, most notably an ticketing system concept which could be used for concerts, conferences and other events. A similarly ambitious idea would allow people to book travel through an app which also handles tasks like check-in, baggage claims and even identification.



[via Patently Apple]






by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Adesso Compagno X Bluetooth keyboard

The shift from typing on physical keyboards to digital versions on smartphones and tablets hasn't been an easy for many consumers. Fr ...

Polk Audio 4 Shot headset

Sound quality and design are two of the biggest areas of focus for manufacturers when coming up with a new gaming headset. Depending o ...

Patriot Supersonic Phoenix USB 3.0 drive

USB thumb drives aren't the end all solutions for data transfer and traveling needs. Sometimes people want something with a little mo ...

toggle

Most Commented