Mobile Payment

iPhone 5 Will Probably Have NFC After All

At first we hoped the iPhone 5 would have NFC technology, then we were told Apple wasn't considering NFC yet. Now it appears that the next iPhone will in fact have NFC technology for mobile payments.

Multiple reports from sources like The New York Times and China Times reveal that Apple is working hard to implement NFC into the iPhone. Near Field Communication technology would allow consumers to use the iPhone as a mobile payment option, and the technology would most likely tie into the already-existing iTunes payment infrastructure.

Girl Scouts Will Use the iPhone To Sell Their Irresistible Cookies

In the latest random news, the Girl Scouts are going tech-savvy. The Girl Scouts of Northeast Ohio will now be swooning you out of your money with Intuit's GoPayment app for iPhone and Android.

Credit cards and cookies seem to be the winning recipe for the Girl Scouts. The next time a scout knocks on your front door, hide your credit card. There's no telling how much one would be willing to pay for some Thin Mints when the credit card is an option for payment.

Patent News: A Peek At E-Wallet Icon and Photo Booth for the iPhone

In the latest Apple patent news, two recently awarded patents have revealed future plans for the iPhone. Apple appears to be working on some sort of "e-Wallet" application. It also seems that the "Photo Booth" application from Mac OS X will be coming to iOS.

Some type of Apple-designed mobile payment app corroborates the rumors that NFC technology will be implemented into the iPhone 5. When the iOS 4.3 beta was released, 9to5 Mac found two Photo Booth-related frameworks in the firmware. This new Photo Booth patent only affirms that we will in fact be able to use the dorky filters that Photo Booth has to offer on our iPhones.

The iPhone 5 Rumor Roundup

Rumors regarding the next iteration of the iPhone have been flying left and right. If you've been following the rumor mill, you know that there's a lot of potential innovations to be implemented into Apple's next iPhone.

Will Apple release several different iPhone models at once? Will the next iPhone be considerably smaller than its predecessors? Will Apple release the iPhone 5 on all carriers with a universal baseband?

These, among others, are all questions being asked about the next iPhone. Let's examine the rumors and try and make sense of it all...

How to Pay With Your iPhone at Starbucks

Did you know Starbucks has its own app with the ability to process payments through any iDevice at Starbucks locations throughout the U.S? The "Starbucks Card Mobile" app allows for the purchase of Starbucks goods through a prepaid "My Starbucks Rewards" card - straight on the iPhone.

The My Starbucks Rewards card operates like a prepaid gift card. Instead of paying with cash or a credit card, customers can reload and use the same Starbucks gift card to receive special discounts and perks.

If you have a Starbucks card, you can now use the Mobile Card app to make purchases at Starbucks locations. Here's how it works...

Is Square the Future of Mobile Payments?

Last week it was reported that Square, a mobile credit card reader, had opened its doors and was available for download in the app store. Square is the brainchild of Jack Dorsey, who is also co-founder of Twitter.

The app, when used in conjunction with a small card reader that plugs into the auxiliary port, allows anyone to process credit card payments. This takes "mobile payments" to a whole new level as now small businesses and vendors can process payments without the need for a wired or complex point-of-sale system.

All you need is a compatible device (iPhone, iPad, iPod touch, or one of select Android devices), the card reader, and a signal on your device.

So what does this mean for retailers and small businesses? Is it secure to use? And what about the cost? Will this be the new method businesses large and small use? Read more to find out...