Apple was rumored to include this NFC technology in their just released iPad 2, and that same report from Bloomberg noted the iPhone 5, too, will include the NFC technology.
"Apple has now informed their European iPhone carriers that the next-generation iPhone will not include Near Field Communication (NFC) technology. Apple is reluctant to include the technology and introduce a new "wave and pay" system due a "lack of a clear standard across the industry"," Independent reports.
The iPhone 5 not having NFC technology does not mean Apple isn't working on their own NFC service for a 2012 launch.
One source close to the discussions said: "The new iPhone will not have NFC, Apple told the operators it was concerned by the lack of a clear standard across the industry." Yet Apple is understood to be working on its own NFC proposition, which would link payments through iTunes. It hopes to introduce the technology in a handset likely to be released next year.
Consulting group Frost & Sullivan believes payment values via NFC will hit €110bn by 2015 and Google chief executive Eric Schmidt recently said the technology would "revolutionise payments". This year has seen Google launch the Nexus S, which contains NFC technology, and the short-range wireless technology was backed by the GSMA, the mobile industry trade body last month.