Rumours have started circulating regarding the iPhone 5 release date and the iPhone 5 features. According to 9to5Mac, a well-known Apple intelligence site, the next-generation iPhone would be released in the middle of 2012 and could feature a near field communication, or NFC technology that functions like a credit or debit card.
Image Credit: MacRumors.com
A developer at the recent Macworld convention had reported to have talked about it with one of the reporters and claimed to have built an application which contains the ability to process mobile transactions using the NFC technology. On being questioned about the specification of any new hardware release he claimed that the multiple Apple iOS engineers are “heavy into NFC”. He even confirmed it saying it was “Enough to bet the app development on.”
The move to build an in-depth application like this that’s based merely on speculative hardware capabilities does seem risky. The developer however seemed quite confident. As it is, people have been talking about this technology earlier too as at the time of the iPhone 4S launch.
Apple seems to be keen enough on this NFC technology as it wouldn’t want to be left behind as NFC paves the way in the future of mobile payment technology. The question is that who will partner with Apple for their payment systems?