Payment With Your iPhone (Rumour)

So I’ve been talking about these with friends and family for the past few months, and today there’s more buzz about the possibility that you’ll be able to make payments, using your iPhone.

Similar to anyone using paypass or express pay; you take out your phone, swipe it through the air and payment will be sent automatically. Now how about securely? well, that’s a whole other topic. It’s still not refined to the point that it can be publicized as secure, but it’s definitely convenient. No one leaves home without their phone … but a credit or debit card, can be forgotten. According to this blog post, the NFC (Near Field Communications) is suggested to be implemented in the next generation, iPhone 5.

I’m no psychic, but if I may make a prediction for as little as 5 years from now, consider the wallet a thing of the past. I can picture the days when I’m a grandfather and sit with my grand-kids and talk about how I use to carry a ‘wallet’ with all my money and payment options and my grand kids staring at me like I was from outer space.