Apple is rumored to be in talks of launching a mobile wallet initiative, and it could happen as early as this fall alongside the much anticipated iPhone 6. Apple's efforts would allow iPhone owners to pay for goods in physical retail stores by using just their phones, an effort that could lead to people carrying just their iPhone rather than having to carry an iPhone and a wallet.
Apple has long been rumored to be exploring building their own payments system, and according to a recent report they're looking to bring on senior executives from the payments industry to make it happen. With hundreds of millions of credit cards on file for iTunes, Apple already has a massive built-in base of potential users. According to Re/code, Apple's e-commerce head Jennifer Baily has been meeting with potential candidates.
Burger King will soon let customers pay through their iPhones in all of their U.S. locations. The program will begin in April, and roll out to all 7,000 U.S. stores in the next few months. In addition to paying for meals, Burger King will also present mobile users with deals for things like drinks or free fries.
OpenTable has begun slowly rolling out a program that will simplify paying for meals by letting customers pay for their checks using the OpenTable app. The program is currently being tested by some users at select San Fransisco restaurants.
iPhone users on Verizon Wireless can now use the Incipio Cashwrap NFC case for iPhone that allows them to make payments with the ISIS Mobile Wallet app for Verizon. The case was launched for AT&T iPhone users two weeks ago, and like the AT&T app, using the Verizon ISIS app requires use of the case, according to Verizon.
Rumors of Apple getting into the mobile payments business have circulated for years. They have half a billion people registered with iTunes, almost as many iPhones and iPads in the market, hundreds of millions of credit cards on file, they already handle mobile transaction at Apple Stores, and Passbook has been integrated into iOS since 2012 and iBeacons since 2013. The pieces are in place. Yet it remains a complicated business to get into. Douglas MacMillan and Daisuke Wakabayashi for the Wall Street Journal:
Incipio has released its rumored NFC-enabled case that will enable tap-to-pay on the iPhone. The Incipio Cashwrap works with the ISIS Mobile Wallet app for AT&T Mobility, and is available today for $69.99.
The lack of NFC on the iPhone is a downer when it comes to using it for tap-to-pay purchases. ISIS, however, has long been talking about coming to the iPhone through a tie-up with case maker Incipio. Prototypes have been shown off, but now, the folks at Engadget have received the first concrete evidence that these things might actually go on sale:
Square has just announced a new offering which gives you all the hardware equipment you need to start taking payments on your iPhone and iPad. You can select bundles based on what you need and they'll be shipped directly to you. All you'll need to bring to the table is an iPhone and/or iPad.
Less than a month ago, a story broke about Apple buying AuthenTec, purveyors of mobile, digital security solutions including fingerprint authentication. While some Apple purchases, like Siri and Intrisity seem to suggest obvious uses, AuthenTec's portfolio and Apple's lack of any branded security beyond FairPlay DRM made intuiting this one a little less obvious. So what could it be?