Apple Mobile Payment System 'Transaction' - an iPhone-based eWallet

patently apple details recent apple patent application describes system customers can use iphone electronic wallet , payment system.

quote

apple's patent directed various techniques conducting peer-to-peer financial exchanges using handheld, portable electronic device – sake of simplicity represented throughout several transaction-based patents - iphone.

iphone may integrate several functionalities performing peer-to-peer transactions, including storing information representation user's payment accounts , crediting accounts, acquiring , sending payment information, , obtaining payment authorization.

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apple suggests number of possibilities on how initiate transactions including use of near field communication (nfc) technology.

apple names app "transaction" in patent application , details how might used. flowchart shows how 1 might pay bill @ restaurant using application:




patent applications system filed in late 2008.

article link: apple mobile payment system 'transaction' - iphone-based ewallet

 

"would buy $2,000 item?'
> yes
"transaction in progress..."
"10% battery power remaini... "

*dead*

 

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