iPhone 5

Apple is expected to install “wave and pay” technology for the next version of its iPhone, boosting mobile commerce and potentially giving the company a big piece of the multibillion-dollar transaction industry.
The iPhone 5, due out this year, is likely to incorporate technology called Near-Field Communication, which incorporates financial account information and ties that data to specific devices, according to Asian suppliers and others who have been in talks with Apple.
Apple declined to comment