There’s been a lot of rumors around iPhone’s new release, iPhone 4 that it would come with an NFC chip but unfortunately it didn’t. It’d be a huge step for the contactless space -could also be a huge step for a proprietary system fully controlled by Apple, now we will wait for iPhone 5.
Luckily, I am part of an iCarte project here in Turkey. Yapi Kredi Bank and Visa deployed this iCarte project. Wireless Dynamics is the hardware and software provider while G&D is the TSM for personalization. Inside the smartcard within the iCarte, Visa Mobile Payment Application is running. And Visa Mobile Gateway is used for life cycle scripting.
iCarte is basically an integrated smart card and antenna attached to iPhone. Both iPhone 3 and 4 are supported. On top of the hardware, of course there is the software. Wireless Dynamics has a great app that enables the payment.
First you need to personalize the smart card embedded in the iCarte. After that, you need to verify yoıurself to the smart card with your PIN (passcode in Visa’s terminology). If you are the person that Yapi Kredi has authorised (Yapi Kredi is the issuer in this case) you are good to go with your iPhone for contactless payments.
With the iCarte, you can also save personal details of the transaction. iCarte -like other mobile payment solutions- is more secure than other contactless payment media. You can choose to enter your PIN before processing a transaction. This is optional, you can do this once and let the application process the payment without and verification.
I think it is the most usable (and practically the only) solution for the moment for contactless payment with iPhone.