Apple has cautiously been dipping its toes into the mobile payments pool. But a freshly-published patent filing describes an entire backend system designed to secure electronic payments made through your phone.
Published Thursday by the US Patent and Trademark Office, a patent dubbed "Method to send payment data through various air interfaces without compromising user data" envisions how electronic transactions would securely travel using your existing mobile phone's technology.
You'd start out by paying for an item using your phone. The retailer's point of sale (POS) device would be connected to a backend system designed … Read more