It's reported that Apple has rejected including new "instant payment" technology in the upcoming iPhone 5.
The technology, Near Field Communication, would let you pay for goods and services by waving your phone over a reader.
The Independent newspaper quotes sources in UK mobile networks saying they've had a meeting with Apple, which doesn't want to make the move because there's no clear NFC industry standard.
It's being speculated that Apple intends to set up its own NFC system with people using their iTunes accounts to pay with their phones.
And it would be in a perfect position to do this...iTunes has the largest credit card database of any on-line retailer.
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