Apple will apparently not support Near Field Communications (NFC) mobile payments on its next version of the iPhone, at least according to a research note from AllianceBernstein, a Wall Street investment bank. This rumor counters adds weight to another rumor from an unsourced report from the UK which surfaced late last week, although it does take the opposite route from what earlier reports in the year talked about, touting that Apple is working on making sure NFC payment support is implemeted. To know more about NFC, read on after the jump.
NFC technology is actually the “bridge” used by low-power wireless transmitters that can be imlpemented in electronic devices or embedded in just about anything. Such transmitters can also be filled with a variety of data, ranging from identification information to others, but they can only work within close proximity (we are talking about 4cm thereabouts).
One of the more common methods of applying NFC technology would be to make everyday purchases at stores and restaurants, letting you skip carrying around real cash – although your phone might end up being a hotter target than your wallet if NFC takes off in a really big way.