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It can communicate via NFC (near field communication) technology as well as wi-fi and bluetooth.
Thanks to "near field communication" technology, Apple's new phone and watch devices would allow users to scan their phone on a sensor to pay for things.
Trials of contactless payments around the world have seen users buy items in shops with "near field communication" technology embedded in their mobile handset.
The Home Office has announced the move as part of a series of measures agreed with the mobile phone and banking industries to cut the potential for crime created by new near field communication technology.
NFC (Near Field Communication) technology makes it possible to exchange data between devices in close proximity to each other.
NFC payments have already become somewhat of the norm over in Japan, but here in the States, near field communication technology hasn't quite taken off yet.
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Japan for instance is using all NFC, Near Field Communication Technologies, all over Africa you're seeing a lot of SMS usage for mobile banking and mobile payments.
Near-field communication technology makes it possible for two devices to speak to each other when they are in proximity.
Hacking the Nokia N9 phone using near-field communication technology, Mr. Miller demonstrated, is a piece of cake.
Apple also did not embed near-field communication technology used to turn cellphones into mobile wallets in the iPhone 5.
O2 and Transport for London have already conducted a trial, the roundtable heard, in which they gave 500 customers "O2 Wallet" phones with near-field communication technology integrated into them, enabling passengers to use their mobiles to pay for travel.
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