Verifone

If the rumors are correct, tomorrow Apple will unveil NFC payments as part of the next version of the iPhone. Nordstrom has been rumored to be an early partner with Apple in regards to the payment system and to be ready to updated point-of-sale systems across their stores. With existing NFC payment systems, information is transmitted freely between the device and terminal. Apple reportedly is planning on utilizing a tokenization system it developed that allows for unique encryption of your sensitive information as it is transmitted between the device and terminal. The token changes for every transaction made. If true, this modification to NFC payments would provide significantly more security and help address fraud concerns.