Apple to Introduce NFC Service on iPhone

Apple-to-Introduce-NFC-Service-on-iPhone

Apple has the added advantage of possessing a large financial database containing user credit-card numbers, iTunes gift-card balance and even bank data. This data can be easily synchronized to work with NFC-based services. Taylor Hamilton, an analyst at consultant IBISWorld Inc, feels that the introduction of NFC-based services on Apple devices has the potential to turn Apple into a big ticket e-commerce player. The introduction of NFC-based services will give Apple Inc. an opportunity to participate in the $6.2 trillion a year goods and services market in America. Additionally, Apple could potentially save big on credit card processing fees and other overheads by offering a direct bank debit facility to its customers once the NFC-based services are in place. → Read More