Apple, Google gear up for mobile-wallet war

Apple and Google appear to be headed toward a new fight, this one involving mobile wallets.

Earlier this week, pictures surfaced of a chip located toward the top of what appear to be parts for the next iPhone. Many believe this chip is for Near-Field Communication technology — or NFC — which allows phones to connect in close range using radio communications. An example of what NFC can be used for is mobile payments, which Google already does with its Google Wallet service. But the pictures of the purported iPhone chip has some people believing that Apple is preparing its own mobile payments system to compete against Google Wallet.