A report by Bloomberg today suggests that Apple’s next iPhone and iPad are likely to feature NFC (Near-Field Communication) technology that would allow various forms of data transfer between the iPhone and another NFC capable device. Richard Doherty of consulting firm Envisioneering Group explains that the technology would be primarily used for making purchases at physical stores, expanding Apple’s reach in commerce beyond just iTunes.
Near-Field Communication is a technology that can send and receive data between two such devices with NFC that are up to 4 inches apart. The technology has gained popularity in recent times, most notably being included in Google’s Nexus S.
By including NFC into the iPhone and iPad, Apple could use it’s existing iTunes accounts and give consumers an alternative to more traditional financial services by Visa, MasterCard and PayPal. Richard Crone, an industry advisor suggests that “It would make a lot of sense for Apple to include NFC functionality in its products.”