There's been some speculation that Apple might include Near Field Communication (NFC) technology in the iPhone 5, turning it into a kind of credit/debit card.
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However, with the tech being inside the Google Nexus Sand Samsung Galaxy Nexus, as well as a host of other top smartphones, the time for NFC may finally be here.
On 24 June 2011 it was reported that the Google Wallet mobile payment platform could feature on the new iPhone. Eric Schmidt admitted that Google is looking to port the software to other manufacturers.
However, on 31 January 2012 9to5Mac claimed to have spoken with a well-connected developer who disclosed information received from Apple iOS engineers saying they are "heavily into NFC".
The developer in question has not been named, but is working on a dedicated iOS app which includes NFC reading for mobile transactions. When questioned how confident he was on the information he had received his reply was "Enough to bet the app development on".
On April 30 2012 an Apple patent filing reinforced the idea NFC in iPhone 5.
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