Upcoming iOS Update Will Allow iPhones to Accept Credit Cards Directly Using NFC

Apple is working on a new payments service that will allow iPhones to accept payments directly on device with no additional hardware, reports Bloomberg. Right now, iPhones can accept credit cards with add-ons like the Square Reader, but Apple’s new technology will eliminate the need for a third-party product.

mobeewave
Individuals and small businesses will be able to accept payments with the tap of a debit or credit card on the iPhone, a feature that is likely to use the NFC chip that’s already built into Apple’s devices.

Apple started developing the hardware-free credit card payment option back in 2020, when it purchased Mobeewave for approximately $100 million. Mobeewave was a startup that created technology for smartphones to accept payments using NFC.

At the time, Mobeewave’s website said that sending payments with the Mobeewave app was as simple as inputting a transaction amount and tapping an NFC-enabled card on the back of a smartphone, and Apple’s built-in payment feature is likely to work in a similar way.

Bloomberg says it’s not yet clear if the payment service will be bundled into Apple Pay, though the team working on the feature has been working within Apple’s payments division.

Because current iPhones already have NFC technology, this is not a feature that will be tied to a hardware update. Apple is planning to roll out on-iPhone card payments in the coming months, perhaps including it in the iOS 15.4 update that could launch in the spring.

Related Stories

Metrolinx Piloting Apple Pay on Toronto’s UP Express, Working to Expand to TTC

Metrolinx this week announced that commuters can now use contactless payment options like Apple Pay to pay for their fare on UP Express, a train that connects Downtown Toronto with Toronto Pearson International Airport.
Prior to boarding the train, commuters simply need to hold their iPhone or Apple Watch near the PRESTO payment terminal to pay for their fare with a credit card loaded in the …

Apple to Allow In-App Third-Party Payment Options for First Time in the Netherlands

Apple has announced that it will allow third-party payment options for in-app purchases for dating apps in the Netherlands, in the first ever concession of its kind.
In a message posted on its developer site late on Friday, Apple announced that it will comply with a Netherlands Authority for Consumers and Markets (ACM) ruling that compels the company to allow third-party payment services to…

Banks Pressuring Visa to Cut Back on Apple Pay Fees

A number of banks are currently pressuring Visa to make changes to the way it processes some payments made via Apple Pay, moves that would reduce the fees the banks pay to Apple for certain transactions, reports The Wall Street Journal.
At the heart of the issue are automatic recurring payments like memberships and streaming services. Visa is aiming to change the way it issues tokens for…

Japanese Prepaid Cards Nanaco and WAON to Support Apple Pay Later This Year

Two popular Japanese prepaid money cards will be gaining support for Apple Pay later this year, allowing the cards to be added to the Wallet app for contactless payments using an iPhone or Apple Watch where accepted, it was announced today. The cards set to gain Apple Pay support include Seven & I’s Nanaco card and AEON’s WAON card, as noted by Ata Distance. The blog, which focuses on…

Some SD Cards Not Working Properly With 2021 14 and 16-Inch MacBook Pros

The SD card reader slot on the new 14 and 16-inch MacBook Pro models is not functioning as expected with some SD cards, according to multiple reports on the MacRumors forums.
In a long complaint thread, MacRumors readers have detailed the issues that they’re having with some SD cards, and there seems to be little consistency between reports and affected SD cards. Some SD cards crash and…

Developers Now Able to Submit Claims for $250 to $30,000 Payments From Apple in Lawsuit Settlement

Apple in August announced plans to pay $100 million to settle a class-action lawsuit levied by U.S. developers, and as of today, the website that will allow developers to submit a claim for a payout has gone live.
The $100 million that Apple provided is being distributed as part of a “Small Developer Assistance Fund,” and developers can claim between $250 and $30,000 based on their historic…

Popular Stories

Gurman: Apple Preparing ‘Widest Array of New Hardware Products in Its History’ for Fall

Apple is working on a number of new products that are set to launch this fall, and Bloomberg’s Mark Gurman says that it will be “the widest array” of new devices that Apple has introduced in its history.
In his latest “Power On” newsletter, Gurman explains that Apple is working on four new flagship iPhones (iPhone 14, iPhone 14 Max, iPhone 14 Pro, and iPhone 14 Pro Max), an updated low-end Ma…

macOS 12.3 Will Include Cloud Storage Changes Affecting Dropbox and OneDrive

Dropbox today announced that users who update to macOS 12.3 once that software version becomes available may temporarily encounter issues with opening online-only files in some third-party apps on their Mac.
In a support document and an email to customers, Dropbox said it is actively working on full support for online-only files on macOS 12.3 and will begin rolling out an updated version of…

Apple’s Most Questionable Design Decisions in Recent Memory

Apple has always emphasized the depth of thought that goes into the design of its products. In the foreword to Designed by Apple in California, a photo book released by the company in 2016, Jony Ive explains how Apple strives “to define objects that appear effortless” and “so simple, coherent and inevitable that there could be no rational alternative.”
But every once in a while even Apple…

Apple Launches Black Unity Braided Solo Loop With ‘Unity Lights’ Watch Face

Apple today announced the Black Unity Braided Solo Loop for the Apple Watch, as well as a new downloadable watch face, to celebrate Black History Month. Following the launch of the limited edition Black Unity Apple Watch Series 6 and Sport Band in 2021, Apple today launched the Black Unity Braided Solo Loop as part of its celebrations for Black History Month this year.Apple is launching a…

AT&T Bringing $180/Month 5-Gigabit Internet to 70 Cities

AT&T today announced the launch of upgraded AT&T Fiber plans, which support speeds of up to 5 Gigabits for some customers. There are two separate plans, one “2 GIG” plan and one “5 GIG” plan, available to new and existing AT&T Fiber subscribers.
According to AT&T, the new plans are available to nearly 5.2 million customers across 70 metro areas including Los Angeles, Atlanta, Chicago, San…

Benchmarks Confirm Intel’s Latest Core i9 Chip Outperforms Apple’s M1 Max With Several Caveats

Benchmark results have started to surface for MSI’s new GE76 Raider, one of the first laptops to be powered by Intel’s new 12th-generation Core i9 processor.
Intel previously said that its new high-end Core i9 processor is faster than Apple’s M1 Max chip in the 16-inch MacBook Pro and, as noted by Macworld, early Geekbench 5 results do appear to confirm this claim, but there are several…

Apple Releases iOS 15.3 and iPadOS 15.3 With Fix for Safari Bug That Leaks Browsing Activity

Apple today released iOS 15.3 and iPadOS 15.3, the third major updates to the iOS and iPadOS 15 operating systems that were released in September 2021. iOS and iPadOS 15.3 come almost two weeks after the release of iOS and iPadOS 15.2.1, minor bug fix updates.
The iOS 15.3 and iPadOS 15.3 updates can be downloaded for free and the software is available on all eligible devices over-the-air in …

Comments are closed.