According to sources within the UK's largest wireless operators, Apple will not include NFC (Near Field Communication) technology in the upcoming iPhone 5. NFC is a short-range wireless technology integrated in mobile phones and used for mobile ticketing and payment processing systems.
The Cupertino company is reportedly reluctant to introduce NFC because the technology lacks a unifying standard. Rather than adopt the current implementation of this technology, Apple is reportedly working on its own NFC system that would tie into iTunes. Though not confirmed, forms of this new technology have been hinted at
