EasyPay: What Mobile Payments Could Look Like on the iPhone [PICS]

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Over the past several months multiple rumours and reports have suggested that Apple is working on its own mobile payment system. Apple CEO Tim Cook has hinted about mobile payments in the past and made it really clear that Touch ID will be an integral part of their solution.

Ricardo Del Toro, an interface designer and software developer, has created a concept for a mobile payments system on the iPhone, and its called EasyPay.

With WWDC around the corner, I thought about the future of Touch ID. Touch ID is great, it’s incredibly accurate and works incredibly really fast. However, I would like to see Touch ID used in other areas, specifically the area of payments. I decided to design EasyPay. The idea of EasyPay is to build an API for developers. Ideally, developers would incorporate this system into their apps and enable people to buy physical things, one example would be Amazon. In addition to iOS apps, this functionality could also be available on the web. Keychain is a step in the right direction, but it could be a much better experience. At checkout, the card would slide up and when Touch ID recognizes the correct fingerprint, it would initiate the payment through the iTunes payment system. The other possibility is retail. Implementing this type of experience in a retail environment is a more complex implementation. My idea for the experience of the transaction is this: walk into a coffee shop, or any retail environment and ask for the tab to be placed on EasyPay. EasyPay would send a notification to the iPhone in front of the counter using iBeacon technology and when Touch ID authorizes the payment, the iTunes payment system would direct the requested amount to the retail location.

The retail implementation is a fairly complex one with a lot of old infrastructure to consider. I believe the future of mobile is payments. There’s a lot of room for improvement in that area.

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During Apple’s quarterly earnings call in January, Tim Cook suggested that Apple is interested in stepping into the mobile payments industry. Rumours have pointed to a possible partnership with PayPal, but it is still unclear what Apple has planned. 

[via Cult of Mac]

A software engineer with a passion for creation and innovation using technology. To learn more about me, check out my personal website, which contains links to my projects. Email: nick@iphoneincanada.ca

  • Peter Pottinger

    Why the f- would I trust apple with my money lol.

  • Flaxx

    Uhh, 800 million people do and there has been less fraud and stolen information from their facilities than even the credit card companies. Having said that, I’d love to see alternative payment options with MUCH smaller transaction fees. Personally, I’d love to not have to carry my wallet around anymore, but that requires having my ID and payment information in my phone in a secure, encrypted way.

  • Peter Pottinger

    A huge difference between being a payment processor and simply a company that accepts payments.

    As for apple becoming the dominate payment processor thats a pipe dream and will never happen. Visa, mastercard, and paypal have a lock on paypemtns procesisng

  • Flaxx

    The same was probably said about Paypal… and likely credit card companies before they took off. I can see Apple using their discounted merchant rates to make a profit on low volume merchants and perhaps no profit on high volume merchants (compared to credit cards) and then eventually transition in a model of financing (like credit cards) and bank-account linking like Paypal.

  • Peter Pottinger

    Ah no, you are grossly misinformed about the history of payment processors and the web in general. The companies that now have a rock-solid hold on the payments industry were filling a demand when no other players existed in their sector.

    Today there are an abundance of processors everyone from banks to grocery chains to technology giants to startups and none are achieving any success at all, in comparison to the incumbent players of course.

  • Flaxx

    None of these competitors have the market penetration that the iPhone and iPad have. You don’t have to sell people a card or device they already own nor get them to sign up since their information is probably already attached to their Apple ID. If Apple then used the relationship it has with every retailer that sells their devices to modify their checkout, I believe they could break into this market.

  • Peter Pottinger

    Did you really just compare visa to iphones??? Take those rose-tinted glasses off, because besides financially well off north american households, iphones are a TINY TINY part of the market. I can guarantee the worldwide market penetration for visa is in the orders of magnitude higher than the worldwide penetration of iphones lol

  • Flaxx

    Peter, by your aggressive, arrogant, and illogical assertions, there would be no iPhone to begin with because of the market penetration of traditional phones. Just because VISA dominates today, that means absolutely nothing about the future. Some advice: try sticking to your opinions, no matter how naive and short-sighted, instead of attacking people and trying to assert your false-expertise on the subject matter.

  • Peter Pottinger

    Truth hurts sometimes.

    And please don’t put words in my mouth, thats the first and most obvious sign you’ve given up and lost.

  • Flaxx

    I didn’t put words in your mouth. It’s called analogy. You might wanna look that up. As for having supposedly “lost” — that clearly shows how narrow and black-and-white your perspective is. Sorry to break it to you, but our dialog has been nothing more than opinions.

  • Peter Pottinger

    See my above comment.