Apple wins patent for E-Wallet

Summary:Apple was granted a patent in the US that experts think is the first step for an Apple mobile payment system.

The US Patent and Trademark Office published the approved patent on Tuesday, adding fuel to rumors that Apple plans to launch a mobile payment service.

The patent is titled "Parental controls", and its text largely describes a scenario where a parent sets up a prepaid subsidiary account for their child. However, it also notes that the functionality could be used by an employer who wants to set rules for an employee's handset-based payment account.

Pictures in the patent show an application called E-Wallet. Apple Patently noted, ""Apple's patent reviews credit card transaction rules and shows us that the credit card companies will be sending statements directly to your iTunes account, The iWallet project just became a little more real today."

For more on this story, read Apple wins patent for mobile payment controls on ZDNet UK.

Topics: Legal, Apple, Banking, Enterprise Software

About

Natalie Gagliordi is a staff writer for CBS Interactive based in Louisville, Kentucky, covering business technology for ZDNet. She previously worked as the editor of Kiosk Marketplace, an online B2B trade publication that focused on interactive self-service technology, while also contributing to additional websites that covered retail tec... Full Bio

zdnet_core.socialButton.googleLabel Contact Disclosure

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.