The next generation iPhone and iPad will contain Near-Field Communication (NFC) technology enabling the devices to become your wallet, according to a report today in Bloomberg. NFC is a short-range, high-frequency wireless technology which lets devices - primarily mobile phones - communicate with other NFC devices. This can be utilized in a number of applications including mobile ticketing, mobile money, and smart billboards. Sponsor The Bloomberg story cites Richard Doherty, director of the consulting firm Envisionering Group, who says that Apple has been working to embed the technology in the "next iteration of the iPhone for AT&T Inc and the iPad 2," both of which are expected to be launched this year. It's not an unexpected move.