Speculation has already started on the iPhone 5′s specifications after a new appointment to Apple HQ. The new man in charge of m-commerce, Benjamin Vigier has caused a bit of a stir this morning due to his experience in near field communication (NFC) technology.

If you’re wondering what all the fuss is about, NFC technology could potentially turn the iPhone into a credit/debit card. In the past Apple has filed a number of patents concerning NFC based services including a mobile payments system that debits money from either a pre-loaded credit card or directly from iTunes, an airline boarding pass app called iTravel, the Grab & Go app which makes for simple transferring of files between your Apple devices and an events ticket app.Patents have also been filed directly for an NFC iPhone, iPod and games controller as well as business and marketing apps such as the iPay, iBuy and iCoupons ones.

NFC tech on board an iPhone (or any smartphone for that matter) makes sense. Especially when it points towards a number of ticket-less systems. The NFC technology has been around for a little while and banks are already starting to use it with some of their products but putting it in a iPhone could bring it in to the mainstream.

So some potentially exciting news but lets not get too carried away just yet.