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Exploring the science and magic of Identity and Access Management
Tuesday, October 15, 2019
 

When Can I Pay for Stuff with my iPhone?

Identity, Information Security, Privacy, Technology, Telecom
Author: Mark Dixon
Friday, April 15, 2011
10:47 am

 

I am anxious for the time when I can buy groceries or pay for a meal with my iPhone.  According to Juniper Research, that time may be be closer than you would think.

As reported by GigaOM, Juniper Research predicts that 1 in 5 Smartphones Will Have NFC by 2014.  NFC, or “Near Field Communication,” is a technology that allows a payment to be made by holding a device, such as a mobile phone, in close proximity to a NFC-capable point of sale terminal.

I think it would be great to use a mobile wallet on my iPhone, working in concert with an NFC chip embedded within my iPhone, to make a payment.

The GigaOM article states:

Juniper said the increasing momentum behind NFC, with a stream of vendor and carriers announcements in recent months, is helping boost the prospects of NFC. North America will lead the way, according to Juniper, with half of all NFC smartphones by 2014. France, in particular, is off to a quick start, with 1 million NFC devices expected this year.

Of course, there is more than just putting moble wallet apps and NFC chips on smartphones.

But the NFC ramp-up will still faces challenges. With so many players involved, from merchants, operators, manufacturers and web giants like Google, service complexity will be an issue. The industry also needs to work out business models around NFC while ensuring strong security for consumers unfamiliar with the concept of a mobile wallet, said Howard Wilcox, the author of the report.

Which smart phone vendor will be first to the races with a mainstream NFC-equipped device? Will the next iPhone be NFC-equipped?  I hope so, but I had also hoped for that in the iPhone 4.  Time will tell.  I’m just hoping for sooner, rather than later.

And, by the way, Identity Management and Information Security are crucial to an overall solution. Knowing who the user is and that user wants to do, and making sure their information is absolutely safe, are critical components of the mobile payments infrastructure that must be built. In that vein, its great to be in the industry that is making this all happen.

 

 

2 Responses to “When Can I Pay for Stuff with my iPhone?”

    With the possibility of adding medical sensor information to iPhone, and of course other consumer hand-held devices, the world of Star Trek gets closer: iTricorder, anyone? I wish I could claim to have invented the word ‘iTricorder’, but after I thought of it, I googled it … and there it was already 🙂

    Comment by Terry on May 21, 2011 at 4:48 am


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