Robert_Charlton - 8:49 am on Jan 26, 2011 (gmt 0)
Apple iPad and iPhone 'aim to replace cash' [telegraph.co.uk]
26 Jan 2011
Apple's forthcoming iPad and iPhone are expected to include a mobile payments feature that the firm hopes will replace cash and cards for millions of users....
...According to analysts, Apple is considering heavily subsidising payment terminals for shops as it prepares to take on rival "Near Field Communications" (NFC) systems from Visa and Mastercard, which allow shoppers to simply wave their credit card at the checkout.
The second iPad is due in April, swiftly followed by the fifth iPhone in June....