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Amazon, Google, Apple, Microsoft and few others are working on the ‘NFC (near field communication) mobile payment technology’ to change the future of payment systems. NFC allows wireless transfer of data over short distances between two devices. This makes it an ideal technology for financial transactions between a phone and/or a device at any store. NFC is still in development phase in the U.S. But in Japan you can pay for almost anything by simply swiping your phone. No need for credit cards, cash or even ID.

A feature of the iPhone SDK allows you to bind your application to a custom url scheme. This allows others to trigger the opening of your app and opens the possibilities of passing data between apps.