The marketplace has evolved at a rapid pace in recent decades, seemingly increasing in speed at the turn of each passing year. Much of the advancements over the past few years have reached consumers and merchants alike through incorporation of new payment processing products into smartphones and other devices. Apple Insider recently reported that the newest version of the iPhone is rumoured to contain a near field communication (NFC) chip in its ear piece, which would mark the first time Apple included the technology in one of its devices. Considering the fact that the iPhone is among the most popular devices in the world, this is another indication that the marketplace is continuing to move toward a paperless, and even card-less, environment. The news provider notes that NFC technology involves the use of a chip to digitally store banking information, such as credit, debit or ACH card numbers. Merchants need to consider adopting systems that will accept this form of payment, as there are already phone platforms, such as Google's Android operating system, that support NFC technology.