iPhone 6: From Phone To Camera To Wallet
As Apple’s September 9th event gets closer, expectations become high. iPhone 6 and iWatch are without a doubt the most awaited announcements expected to be made in the event, but recent reports suggest Apple has more up its sleeve.
Gizmodo revealed that after keeping distance with NFC for quite a time because of its insecurity, Apple will finally be embracing it with a purpose to offer mobile payments service. Sources told Wired that iPhone 6 will feature its own payment platform that will be announced in the September 9 event.
Apple already has a large collection of over 800 million credit cards because of its services like iTunes. Moreover, the company has been filing patents about mobile-payments tech. The latest one was filed back in January and covered techniques that use NFC or Bluetooth to complete transactions in a secure manner.
As for transactions service providers, re/code believes that Apple has already reached an agreement with American Express to make their payments compatible with Apple’s e-wallet platform. Other sources also suggested that Apple has held talks with Visa as well.
The Cupertino company’s mobile payments platform could be called as iWallet.
Fingerprint scanner in iPhone could be used in mobile payments to authenticate the user and carry out transactions securely.
Apple’s chief executive Tim Cook hinted in January about the use of iPhone’s fingerprint scanner in mobile payments.
“The mobile payments area in general is one that we’ve been intrigued with, and that was one of the thoughts behind Touch ID. But we’re not limiting ourselves just to that,” said Cook.
With all these speculations, I have just one question about mobile payments. Are they secure? Recently, hackers got access to celebrities’ iCloud accounts and leaked hundreds of private photos. It was reported that the feature ‘Find My iPhone’ could also be the loophole from where hackers attacked.
If Apple plans to offer a service like e-wallet, it better be secure enough because people might tolerate the leakage of their photos, but they would certainly not like the leakage of their financial details.