If you look at the patents that have been granted recently, it would appear as though Apple is working on incorporating near field communication (NFC) in its upcoming iPhone. While that could be true, the new iPhone might not be using NFC for only sending payments to merchants. There have been reports suggesting that Apple might also use NFC for sending gifts from one iPhone to another.

Gifting
It is quite common to download and store digital media form various service providers online. In fact, downloading is more common now than physically purchasing or renting a DVD. However, copyright laws make it very difficult to transfer these files from one individual to another. Many distributors have systems in place from preventing or limiting the sharing of their products amongst users. Also, a lot of times, transferring copyright protected files from one device to the other leaves the file corrupted or inaccessible.
It is reported that Apple has come up with a unique way of transferring these files. It will provide a gift giving platform where individuals will be able to transfer files using a standardized way, which is by using iTunes.
One way in which the gifting process might work is by charging the sender for the gifting product through their iTunes account. Then the sender can transfer the file to the receiver by tapping or using NFC. This is feasible as long as the two devices are near each other. In case the sender’s account cannot be charged, then the receiver can pay for the file.
Other ways of using gifting
There are even more possibilities with the concept of gifting. In case the receiver is not nearby or if you want the gift to be a surprise, then you can place a request with iTunes. You will be charged for it and a gift file will be created for the receiver. The gift file will have various levels of protection like a DRM which will mean that the file would be authorized for playback on the device of the receiver.
iWallet
Recently, Apple won a very important patent for a technology called iWallet. This piece of technology gives users control over their subsidiary monetary accounts using their iPhone. Also, individuals will be able to send and receive transactions through their credit card with the help of thee NFC chip. With the help of iWallet, users will be able to have complete control over their credit card profile, and will be able to set parental control for their kids, in case they wish to use iWallet as well.
This is not all as iWallet allows users to keep a track of all of their iTunes transactions. It is possible that the iWallet might work in sync with other apps, which can be used to buy movie tickets or access other similar features.
3D technology
Even though 3D technology is nothing new, very few devices get enough information from their surroundings to implement it correctly. However, it is rumored that Apple has a solution that might prove to be a lot more effective in this case.
Along with these features, you can expect multi-player gaming and an OLED display to be some of the other possible features for the upcoming iPhone 5.















