| Apple selling Square mobile payments reader--NFC plans in doubt | |
| (from Fierce Mobile on 4-18-2011) | |
| Apple is now selling mobile payments startup Square's credit card reader unit via the online Apple Store, casting further doubt on the computing giant's plans to integrate Near Field Communications-based payment technologies into future iterations of its iPhone. Apple's decision to embrace Square further calls into question the company's commitment to NFC-based contactless payment technologies. Last month, The Independent reported Apple has told executives at several U.K. mobile operators that it will not embed NFC technology into the forthcoming iPhone 5, citing apprehension over the absence of clearly defined industry standards. It is believed that Apple engineers continue to work on an NFC solution, however--earlier this year, Bloomberg reported that the computing giant's mobile wallet efforts likely will leverage Apple customer information already on file, e.g., credit card account numbers, iTunes gift card balances and bank data.
Read more: Apple selling Square mobile payments reader--NFC plans in doubt - FierceMobileContent http://www.fiercemobilecontent.com/story/apple-selling-square-mobile-payments-reader-nfc-plans-doubt/2011-04-18#ixzz1Jt5E7yfc
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