Share on StockTwits

The Financial Times reports that Apple Incorporated is working with Dutch chipmaker NXP Semiconductors NV to add secure near-field communications technology into the next iPhone, which would enable the smartphone users to pay by touch. Citing people familiar with Apple’s plans, the daily reported NXP will provide the secure near-field communications chips that will allow an iPhone to connect with payment terminals or ticketing systems. NFC technology allows a smartphone to communicate wirelessly with other devices by tapping them together.



“Apple Working With NXP For Pay-by-touch Technology In New IPhone” is categorized as “science and technology”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.