Evolve Systems is always looking for new tools and business technologies that can save our clients time and money. There have been rumors for a few months now that the next generation of Apple’s iPhone, the iPhone 5, would have NFC (Near Field Communication) technology, which would allow iPhone owners to make purchases at retail stores using their iPhones, similar to those devices in supermarkets where you hold a plastic card up to a reader and the total is deducted automatically from your bank account.
The Independent’s headline of “Apple Rejects ‘Pay and Wave’ For New iPhone is an accurate summation of where the technology has been sitting for years. Other phone companies have dabbled in NFC technology, but like the article says, when the right companies come along, such as Apple, innovation will be incoming. Apple has revealed that the reason why the new iPhone (as well as the just released iPad 2) won’t have NFC technology is because there are no clear standards to govern the technology and practice. However, this technology is definitely going to come out in the next few years, and businesses should begin preparation today.
While we are waiting for the cell phone and banking industry to agree upon standards for NFC technology, Evolve Systems offers other cost-effective merchant processing solutions in the meantime. Besides offering credit card processing applications for iPhones, Android phones, and Blackberrys, Evolve Systems also offers dedicated mobile payment terminals which have the ability to run both swiped and key-entered credit card transactions. These solutions have proven to be an efficient payment system for merchants of all types.
Evolve Systems specializes in offering merchant solutions with affordable business credit card processing services that are scalable to any sized business. If your company is in need of affordable merchant processing or dedicated payment terminals, contact Evolve Systems today.