In the first two chapters of this series describing Apple's forthcoming e-wallet functionality, we covered such matters as Apple's iPhone transaction system, the overview of various transactions, the NFC-iPhone tap operation, credit cards, smart/debit cards, check handling and split-billing. In the third part of our series we present you with an overview of Apple's financial patent which focuses on a future iPhone interacting with Automatic Teller Machines or ATMs. Our report walks you through the basics of Apple's Transaction Application interface while exploring some of the more interesting security features it will be offering, such as advanced gestural and voice signature capabilities and a very unique ever-changing numeric pad interface for PINs. There's no doubt that the e-Wallet revolution is on the horizon and with every Apple patent that we are privileged to explore on this subject, we are actually peering through the peep hole of Apple's engineering lab and seeing but a glimpse of the grandeur of Apple's vision of the e-wallet of tomorrow.
Continue reading "Exploring Apple's New e-Wallet Patent on ATM Transactions" »