One of the most common iPhone 5 rumours is about Near Field Communication (NFC), the technology that allows mobile payments with a wave or “tap” of a device. Jack Dorsey, the founder of Twitter and mobile payment company Square, is now officially available in the iPhone store.
Radu Tyrsina at IT Pro Portal, “Square seems to be a pretty comfortable way to perform mobile payments. The device that one uses to perform the card credit swipe is a small square-shaped object that can be attached to an iPhone, iPad or other smart device to perform the transaction. This throws into doubt whether the iPhone 5 will come with NFC technology after all.”