Apple’s got a mobile wallet in the works, according to the patent application it’s just put in. And by the looks of it, it’s going to end up a lot like Passbook – its current app for loyalty programs, gift cards, and digital coupons.
The rumours follow recent reports that highlight Apple’s possible partnership with Visa in the creation of a mobile payments solution. This addition, if it happens, would be an advancement on Apple’s end, since you will then be able to use the feature on your iPhones to pay for goods in store.
The new patent filing shows that along with building on what’s available on Passbook (since a picture shows a mobile wallet with digital cards), it may also require the iPhone’s Touch ID fingerprint scanner to authenticate transactions and QR codes to power payments.
It also illustrated that the system may include a parental control system for users to monitor and manage payment authorisation on their kids’ mobiles, since Apple’s been in hot soup over an FTC lawsuit that claimed kids were making unauthorised in-app purchases on its devices.
There’s the possibility of the iTunes Pass, Apple’s iTunes funds top-up system, being integrated into the system as well. But we’ll just have to wait and see if the mobile wallet feature will stand out, since all it looks like Apple’s doing is putting all of its eggs into one basket.
Sources are indicating that the mobile wallet it’s working on could arrive as early as next month, when Apple’s apparently announcing the iPhone 6. We’re keeping our eyes peeled for any updates till then.
[Source and image: Business Insider]