Apple's iPhone e-wallet concept suggests payment options based on context

An iPhone-driven e-wallet service from best iphone accessories could simplify checking out at the store by presenting users with options based on data such as their location, current balance, or applicable rewards cards.In the application, Apple notes that even with current physical wallets, consumers generally opt for the payment option that is most convenient at the time. For example, a shopper may simply grab the credit card that is at the top of their wallet, without considering that alternative payment options could offer more benefits.

Credit card companies that provide customers with rewards frequently offer bonus points during certain periods for specific types of transactions, such as restaurants or gas. A smart, connected e-wallet system from Apple could be aware of those rewards, and would recommend cards to customers based on this data.

The application shows a system that would allow an iPhone to manage multiple credit card accounts. With the appropriate login information, Apple could even track remaining balances on these accounts, and make contextual recommendations at checkout based on such data.dsDF34fcd

In illustrations included with the filing, cool ipod cases e-wallet functionality is driven by a new application named "Shopping." It features an old fashioned cash register as its icon.

The application shows Apple's payment system driven by an iPhone with an included near-field communications chip. To date, no Apple hardware has included NFC functionality, as the company has instead opted to rely on Bluetooth for short-range wireless functions.

The NFC functionality could even allow users to easily transfer money to one another using just their iPhones. In one example, two iPhones within range of one another are used to move funds from one person's account to the other's. In order to improve its present scenario, T-Mobile USA started selling contract-less iPhone 5, iPhone 4S and iphone 4s headphones for $580, $550 and $375, respectively with a two-year installment option.

During the first month, it is believed that T-Mobile US sold nearly 500,000 apple accessories, hence its new strategy worked wonders for the company. However, from this month, the company plans to raise the down payment price of the iPhone 5 to $100 and the remaining balance is to be paid in installments ($20 for the next two years).