Apple Tests Proximity Payment System For Next iPhone 5

Reports indicate that Apple is testing a wireless payment system for the upcoming iPhone 5. NFC (near field communication) is the technology that will run this platform, and it’s pretty neat. It allows for credit/debit transactions to happen wirelessly using short range transmission.

Apple is using prototype iPhones to do the tests, which, if they function successfully, could signal the technology as a feature in the iPhone 5. The technology could also be used to wirelessly transfer photos and video from your iPhone to your MacBook almost instantaneously, or to give people coupons based on being at a certain location at a certain time. This could be huge for global marketing.

Hopefully we’ll be seeing this tech become prevalent soon.