Using Near Field Technology, a chip that allows a user to ‘tap and go’, the new iPhone enables payments with a single touch. It can be used to pay online as well, in apps. It will also be available on the new announced Apple Watch.
Security was an issue that was strongly touched upon at the event. Instead of storing the credit card information, the technology communicates an encrypted placeholder ID to the store checkout system, which is then matched to the account information. Merchandisers don’t see the name or the credit card information of the purchaser.
Because lately we kept discussing about the Internet of Things, we should perhaps mention that this trend is part of a larger industry, cloud manufacturing. With a large impact over the industries of aerospace, healthcare, education and financial services, here is another industry that cloud computing is highly influencing lately: manufacturing.