Originally posted March 16, 2010
Could this be the future of our wireless services? The inclusion of a "pay pass" style item that simply attaches to the bottom of your iPhone or iPod could further consolidate the number of items that we carry with us as we go about our daily tasks.
Radio Frequency Identification (RFID) is a newly emerging technology that many organizations are taking on in an effort to streamline inventory processes, tracking, payment, and overall logistics. These small chips are inserted or attached to specific items within the product line and are scanned via handheld scanners (by employees) or large scale industrial scanners (for items fixed to a pallet for transportation).
Near Field Communication (NFC) is a short range high frequency wireless communication technology that enables the exchange of data between devices within a range of about 4 inches.
Combined, these elements will work together to turn your iPhone or iPod into a payment device, much like the recent introduction of the MasterCard "Pay Pass".
These items come in the form of a small attachment, the iCarte, which connects to the bottom of your device, and has an embedded smart chip that configures the device to act like a debit card, credit card, pre-paid card, or even a loyalty card.
The information is then transferred to the iPhone or iPod to allow the user to complete secure transactions, download electronic coupons, tickets or receipts, check balances or connect with other NFC devices. Business iPhone users can use the iCarte for commercial applications such as asset tracking, document tracking and security.
Available in white or black, the iCarte will coordinate with whichever colour device you have, and will only extend the length of the device by about 16.5mm.
Will this eliminate the need for carrying a wallet too? So far, the iPhone 3GS, for example, has combined a phone, email device, media device (video, music) into one unit - with the potential addition of a credit card reader this phone could definitely become a lifeline.
So far, no word on whether there are talks for a BlackBerry or other Smartphone version of the iCarte, but we'll keep looking!