When a high-ranked Apple executive says Apple won't do something, expect quite the opposite. So when Apple's worldwide marketing chief Phil Schiller told the Wall Street Journal that Passbook, a new app in iOS 6, won't be a direct payment product, there was more to his words than met the eye.
We've also heard countless rumors involving an Near Field Communication NFC chip coming to the next iPhone to provide a hardware basis for secure contactless payments on the go. Apparently, recent code dumps that broke the taller iPhone news also indicate that NFC controllers are directly connected to the power management unit of the next iPhone...