Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

New iPhone features may boost adoption and impact mobile payments market

Apple may be inching into mobile payments arena with iPhone upgrades

While Apple has not made any firm announcement concerning its future involvement in mobile payments, the company may have a major impact on that sector in the coming months. Wells Fargo has raised its projected price range for Apple stock this week, citing news that the famed technology company will become more flexible in its relationship with carriers of its iPhone devices. New technology that is expected to be introduced with the iPhone 5S is also creating some buzz and this technology could help boost the adoption of the already popular mobile device.

Fingerprint sensors could boost mobile security

Apple is expected to include fingerprint sensing technology in its iPhone 5S, which is likely to be released later this year. This technology comes from AethenTec, which was acquired by Apple somewhat recently. The company specializes in security technologies and its fingerprint scanner could make next generation iPhones significantly more secure than their predecessors. This added security could create more confidence among consumers and boost adoption rates, especially among those interested in mobile payments.

Apple - Mobile PaymentsApple to be more flexible with iPhone sales restrictions

Apple is also expected to relax the restrictions it has on iPhone sales, which will allow its partners to exhibit more flexibility in the device market. This may help Apple compete more effectively against other companies, such as Samsung, when it comes to mobile technology. Better security features may help Apple’s partners market the iPhone 5S to corporate customers — a market that has been held firmly by BlackBerry for several years.

Mobile payments may be in Apple’s future

Apple has been slow to warm to the concept of mobile payments in the past. Security concerns had caused the company to distance itself from NFC technology, which forms the backbone of most mobile payments platforms. Apple has been looking for an alternative to NFC and some rumors suggest that the company is developing its own mobile payments system for future iterations of its smartphones and tablets.

Add a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.