Absentee NFC in iPhone 5 may hurt banks more than Apple

mobile payments technology

iPhone 5 may be missed opportunity for banks looking to promote mobile commerce Earlier this month, Apple officially unveiled the highly anticipated iPhone 5. Among the numerous features included in the company’s latest iteration of its popular smart phone, the absence of NFC technology received a great deal of attention. Apple has chosen not to include NFC technology in the new iPhone 5 because of reasons concerning security and the concept that the technology does not solve any problems consumers are facing today. Apple has been criticized for its snub…

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iPhone 5 may not feature NFC technology

iphone mobile payments NFC technology

Anandtech investigates NFC technology and the iPhone 5 Apple has remained quiet as to its plans with NFC technology and the iPhone 5. When images showing off the front assembly of the iPhone 5 were leaked earlier this week, many concluded that the issue had been laid to rest and that the mobile device would include the technology. Some technology companies have published reports concerning the matter, claiming that the iPhone 5 will not be equipped with NFC technology when it is released. Anandtech, an online computer magazine, took a…

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