Apple Said To Team With Visa, MasterCard On iPhone Wallet

An anonymous reader writes with news about a possible partnership between Apple and major credit card companies. Apple plans to turn its next iPhone into a mobile wallet through a partnership with major payment networks, banks and retailers, according a person familiar with the situation. The agreement includes Visa, MasterCard, and American Express and will be unveiled on Sept. 9 along with the next iPhone, said the person, who asked not to be identified because the talks are private. The new iPhone will make mobile payment easier by including a near-field communication chip for the first time, the person said. That advancement along with Touch ID, a fingerprint recognition reader that debuted on the most recent iPhone, will allow consumers to securely pay for items in a store with the touch of a finger.

Comments

Re:As much as I hate Apple

[lucm]

The "as much as I hate Apple" line is getting old. That's like a sentence that starts with "I'm not racist but...".

Now that Android has won, bashing Apple is not fun anymore, so get out of the iCloset. It's safe for you out there, your brand is so far in that last descent in the late adopters segment of the technology adoption curve that even IBM wants to sell iPhones. Next stop: wal-mart checkout bins, next to the iTunes card who have been there for quite a while already.