Apple to Introduce Mobile Payments Service Alongside iPhone 5?

Apple is preparing to introduce a Near-Field Communication mobile payment service alongside the next iPhone, according to a Bloomberg report.

The services are based on "Near-Field Communication," a technology that can beam and receive information at a distance of up to 4 inches, due to be embedded in the next iteration of the iPhone for AT&T Inc. and the iPad 2, Doherty said. Both products are likely to be introduced this year, he said, citing engineers who are working on hardware for the Apple project.

Apple recently hired Near Field Communications expert Benjamin Vigier as Product Manager of Mobile Commerce.


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