Tag: nfc technology

Apple unveils a promising new wearable device that could redefine what people expect when they think of mobile technology

Apple made headlines in the technology world with the unveiling of the Apple Watch, a wearable device that is expected to go on sale in early 2015. According to CEO Tim Cook, the Apple Watch will “redefine what people expect” from wearable technology and the device may well serve as the dawning of a new era in Apple’s device portfolio. The device was revealed alongside Apple’s first official foray into the mobile commerce space with its Apple Pay service.

Apple Watch will support NFC technology and, by extension, mobile payments

The Apple Watch is quite similar to other wearable devices, such as smartwatches, but it includes numerous features that cannot be found elsewhere. Notably, the Watch supports NFC technology, which will allow a user to pay for goods and services using digital information rather than physical currency and other forms of payment. The NFC chip in Watch will also allow the wearer to engage in any interactive marketing campaigns that make use of NFC technology.

Watch will include the features that are common on all iOS devices

The Watch will come in two sizes. Both sizes will feature a user interface that is similar to the iPhone. The Watch will also support a wide variety of mobile applications. Many of these apps are already available on the iPhone, but have been refined to function on Watch and make use of its features. All versions of Watch will also be equipped with Siri, as well as the other features that Apple customers have come to expect from their iOS devices.

Wearable technology could become more popular, thanks to Watch

Wearable technology is becoming quite popular, but the devices currently available are somewhat lackluster. Most wearable devices offer nothing that is not already available through conventional mobile technology. As such, the value of these devices is quite limited. The Apple Watch may be one of the first wearable devices to offer something unique and innovative. Whether or not it will be popular among consumers has yet to be seen, of course.

Apple Pay will put the electronics giant in direct competition with services like Google Wallet and PayPal.

Apple Inc. announced on September 9 that it would be introducing a mobile wallet service entitled Apple Pay to its new iPhone 6 mobile devices, which were also unveiled at the event last Tuesday, and the company revealed that its digital wallet is integrated with its fingerprint ID security system and Passbook credential-storage app.

Apple Pay lets iPhone 6 users pay for purchases in-store with their smartphone.

Users will also be able pay for purchases using the service online though apps. According to Apple, using its payment systems is more secure and convenient than using a debit or credit card. Since Apply Pay has been designed to fit in with Apple’s Passbook app, which already enables users to store merchant loyalty cards, store coupons and tickets, the service is fairly simple to use.

To utilize the mobile payments technology within physical stores, users merely need to wave their smartphone in front of a compatible terminal to pay with one of their credit cards stored on the app. The payment is sent to the terminal via near field communication, also known as NFC technology, which is made possible through a chip that has been embedded in the new phones.

Currently, tens of thousands of retailers across America will accept it. Some of these include well known companies such as Macy’s, Target, Whole Foods Market, Starbucks and McDonald’s. This will give iPhone 6 users the ability to buy just about any item with a simple wave of their smartphone.

In addition, Apple’s partnership with payments processing start-up Stripe will help small app developers to power their transactions using Apple Pay.

The Apple Pay mobile wallet could make mobile payments more popular.

Aside from retailers, Apple has teamed up with three major credit card companies, Visa, MasterCard and American Express. These deals may help Apple succeed in the mobile payments space where other companies have so far had no luck.

According to the CEO of Visa, Charles W. Scharf, “Lots of companies have tried this before, but our security and the Apple payment experience will be the two biggest drivers here.” If more Apple users begin to use their smartphones to make payments, this could push other companies with digital wallet services to make similar deals with credit card companies and retailers.

At the moment, many analysts believe that if there is any company that can persuade consumers on how valuable a mobile wallet can be, Apple is the one to do it.