iPhone’s iWallet Patent Control the spending limit of kids by Jay January 21, 2013 2 Minutes ReadApple has published latest patent, explaining Apple’s new iwallet concept. It allows the individuals to configure number of accounts, which can be set-up to control the spending limits. This patent is called “Parental Controls” that could help parents to limit their child’s ability to spend money via an iPhone. The control can be configured for categories like, specific places where purchases can take place and the types of transactions which can be allowed. The patent also suggests that, parent will be notified about their child’s activity on the accounts, including the details of the online purchases. The app can also be set for the users, so that they cannot buy some unethical products. The E-Wallet app is enabled with a primary account that is connected to a credit card. Users are able to use the app to manage transactions using their iPhone. The patent also hints that it will integrate mobile payment solution so that it can be used outside of its ecosystem in the future. It also reveals that the iPhone would integrate NFC (Near field communication) chip for convenience. This technology is still in its early stage of iPhone application development. So NFC enabled monetary transaction may not be secure completely. iPhone applications are the fastest evolving apps in the app industry. That’s why at Andolasoft, our iPhone application developers keep their skills updated with the latest technology and iOS releases to match this competitive market. Here we develop engaging iPhone application to meet our customer’s business requirements. Related Posts: New Iphone 5 is Big with a Small Wow Factor Apple iPhone 4S has taken the Market Sales high Compared to iPhone 5 IPhone 5S and iPhone mini is expected to release this year Tags: iOS, iPhone Jayadev Das email@example.com Do what you do best in – that’s what I’ve always believed in and that’s what I preach. Over the past 25+ years (yup that’s my expertise ‘n’ experience in the Information Technology domain), I’ve been consulting to small, medium and large companies ‘bout Web Technologies, Mobile Future as well as on the good-and-bad of tech. Blogger, International Business Advisor, Web Technology Expert, Sales Guru, Startup Mentor, Insurance Sales Portal Expert & a Tennis Player. And top of all – a complete family man!