According to a recent report published Bloomberg, it is suggested that
Apple's upcoming iPhone and iPad are expected to sport NFC (Near-Field
Communication) technology that will enable various forms of data
transfer between the iPhone and another NFC-based device. Richard
Doherty of consulting firm Envisioneering Group divulges that the
technology will mainly be utilized for purchasing at physical stores,
spreading access of Apple in commerce ahead of just iTunes.
Near-Field Communication technology helps send and receive data between two such devices through NFC that lies around 4 inches apart. The technology has become the talk-of-them in recent times, and has been gaining momentum with the passage of time, most importantly being integrated in Google's Nexus S.
With the integration of NFC into the iPhone and iPad, Apple would make use of its current iTunes accounts and provide consumers with an option to more conventional financial services by MasterCard, Visa and PayPal. An industry advisor, Richard Crone says that Apple's move of including NFC functionality in its products is quite sensible and raises the eye brows of many tech-nerds.
With the entrance of the payment service market, Apple has gained remarkable success, enhanced by Apple's successful payment system in iTunes that consists of more than 100mln accounts. Article posted at Bloomberg reveals that:
The primary objective for Apple will be to have a piece of the $6.2 trillion Americans spent every year on services and goods, quipped Crone. These days, the company is paying processing fees of credit-card on every purchase made from iTunes. By persuading consumers to make use of low-priced methods - like directly tapping their bank accounts that is how many times a purchase has been made through PayPal - Apple could reduce its own costs and those of retailers by putting on sale its products.
This way, Apple would not only be able to a slice of the pie of payment service, but bring down the processing fees of its credit-card. The Bloomberg article also reveals that Apple might also distribute, or increasingly subsidize a payment terminal that can be utilized by small businesses to get interacted through NFC, as at present NFC consists of quite least deployment. Bloomberg states that Apple has already brought about prototypes and the launch of NFC adoption may cause countrywide adoption and grow the sales of iPhone and iPad.
SynapseIndia is a leading apple application development company that's extensively-experienced and highly skilled android app development team that believes in providing best quality with best efforts.
Near-Field Communication technology helps send and receive data between two such devices through NFC that lies around 4 inches apart. The technology has become the talk-of-them in recent times, and has been gaining momentum with the passage of time, most importantly being integrated in Google's Nexus S.
With the integration of NFC into the iPhone and iPad, Apple would make use of its current iTunes accounts and provide consumers with an option to more conventional financial services by MasterCard, Visa and PayPal. An industry advisor, Richard Crone says that Apple's move of including NFC functionality in its products is quite sensible and raises the eye brows of many tech-nerds.
With the entrance of the payment service market, Apple has gained remarkable success, enhanced by Apple's successful payment system in iTunes that consists of more than 100mln accounts. Article posted at Bloomberg reveals that:
The primary objective for Apple will be to have a piece of the $6.2 trillion Americans spent every year on services and goods, quipped Crone. These days, the company is paying processing fees of credit-card on every purchase made from iTunes. By persuading consumers to make use of low-priced methods - like directly tapping their bank accounts that is how many times a purchase has been made through PayPal - Apple could reduce its own costs and those of retailers by putting on sale its products.
This way, Apple would not only be able to a slice of the pie of payment service, but bring down the processing fees of its credit-card. The Bloomberg article also reveals that Apple might also distribute, or increasingly subsidize a payment terminal that can be utilized by small businesses to get interacted through NFC, as at present NFC consists of quite least deployment. Bloomberg states that Apple has already brought about prototypes and the launch of NFC adoption may cause countrywide adoption and grow the sales of iPhone and iPad.
SynapseIndia is a leading apple application development company that's extensively-experienced and highly skilled android app development team that believes in providing best quality with best efforts.
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