Upcoming iOS Update Will Allow iPhones to Accept Credit Cards Directly Using NFC

Apple is working on a new payments service that will allow iPhones to accept payments directly on device with no additional hardware, reports Bloomberg. Right now, iPhones can accept credit cards with add-ons like the Square Reader, but Apple's new technology will eliminate the need for a third-party product. Individuals and small businesses will be able to accept payments with the tap of a debit or credit card on the iPhone, a feature that is likely to use the NFC chip that's already built into...