According to the latest rumor, Apple’s next generation iPhone and iPad will supposedly be “Near Field Communication” (NFC) capable, and could feature a “mobile payment system.” This would allow Apple fans to use their iDevice in place of a debit or credit card when paying for goods.

The news comes from Bloomberg, who just published a report on Apple’s upcoming service.

The main goal for Apple would be to get a piece of the $6.2 trillion Americans spend each year on goods and services, Crone said. Today, the company pays credit-card processing fees on every purchase from iTunes. By encouraging consumers to use cheaper methods — such as tapping their bank accounts directly, which is how many purchases are made via PayPal — Apple could cut its own costs and those of retailers selling Apple products.

NFC is certainly an exciting field, and one that has a lot of potential. Back in August, Apple hired an NFC expert, indicating that the company was hoping to implement this technology in future products.

Personally, I think the most exciting feature an NFC handset can boast is the ability to act as a credit or debit card. To see how this would work, take a look at the video below. And, be sure to let us know your thoughts in the comments.