Apple Partners With Visa, MasterCard, AmEx for iPhone 6 Payments: Reports

According to new reports from Bloomberg and other outlets, Apple has partnered with Visa, MasterCard and American Express to create a mobile payment platform, allowing users to pay with their iPhones in brick and mortar stores

Last week Wired reported that the next iPhone will likely include a near field communication chip (NFC), which would make these types of mobile payments possible.

See also: It's Time to Ditch Your Wallet for Mobile Payments

With an NFC chip, a small amount of data can be transferred between devices held near each other. Google Wallet is an NFC-enabled mobile payment platform that has been around for a while now but just hasn't quite caught on. Retailers could be partly to blame as some have been slow to adopt the new technology. Read more...

More about Apple, Visa, Mobile Payments, American Express, and Mastercard



via Mashable http://ift.tt/1Cjaa1O