New Apple Patent Hints At Mobile Payment System

In the midst of iPhone 5 NFC chip talks, an Apple patent was recently granted earlier today. This patent closely represents what a device with a NFC chip would be capable of.

Labeled U.S. Patent No. 8,255,323, this system will provide a “motion based payment confirmation” system. The description mainly talks about a graphical user interface for completing payments. To really understand the system, the provided picture tells a story.

From the patent description:

In one embodiment, an electronic device may include a graphical user interface (GUI) with one or more graphical elements that may be moved by a user to confirm or decline a payment transaction using a selected payment instrument.

The patent works via the iPhones accelerometer and touch sensors. You would essentially enter a specific amount of money and tap another device. To confirm the transaction, just ensure the slider is slid to the confirmation position.

How would it work?:

Close range communication with the NFC device may take place via magnetic field induction, allowing the NFC device to communicate with other NFC devices or to retrieve information from tags having radio frequency identification (RFID) circuitry. As discussed below, the NFC device may provide a manner of connecting to a shopping website and communicating with an external server.

With Passbook in iOS 6, speculation has lead us to believe the system may also hold credit cards; that was until earlier today when we learned the iPhone’s rumored two-toned design may have an effect on NFC signal. So this patent may not come packed on our sixth-generation-iPhone, but we will have to watch out for future devices.

[via AppleInsider]

Founder and Editor-in-Chief of iPhoneinCanada.ca. Follow me on Twitter, and @iPhoneinCanada, and on Google+.

  • djepsilon

    Can I just say Ryan, I really appreciate you referring to the next iPhone as the 6th generation iPhone. This “iPhone 5” crap drives me nuts!

  • **golf clap**

    iPhone 5 units for all!

  • RyanStOnge

    Thanks, but sorry to say I’ve referred to the iPhone as New iPhone, iPhone 5, and sixth generation iPhone in many articles. I try to change it up every so often ;p

  • djepsilon

    Well… whatever they end up calling it, I just want Apple to SHUT UP AND TAKE MY MONEY!

  • Farids

    Today, it was said that it’s unlikely for the new iPhone to pack NFC due to lack of space for an antenna. On the contrary, looking at the designs inside the aluminum, middle back part of the case, I believe the back is the NFC antenna. Common thought is the back is a one piece aluminum box, it may not be. Could be a two metal plates fused together… I guess we will have to wait and see.

  • Tito

    Dear Samsung please study this patent carefully. Lol

  • pat

    NFC is not for mobile payments ..

  • What is it for?

  • pat

    NFC is not for mobile payments in retail ecosystem