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  • Apple in Talks With Nordstrom for Mobile Payment Partnership


    Reports from Bank Innovation are claiming that when Apple launches their new mobile payment initiative, popular department store Nordstrom may be Apple’s first merchant to support the feature. Other retailers that are in the talks with Apple in accepting the mobile-based payment include American Express, MasterCard, and Chinese payment processor UnionPay. However, Nordstrom may be the first retailer to incorporate this service. According to Bank Innovation,

    The "talks" Nordstrom and Apple have been engaged are related to payments -- but the extent of those talks is unclear. Apple was looking for a clothing brand with a large physical reach, our source said, but also with an established and high-end brand. With a strong brick-and-mortar presence, but with a focus on digital innovation as well, our source said Nordstrom was a "great" pick for Apple.
    Currently, Nordstrom is already using the Cupertino-based company’s iPad and iPhone for their point-of-sale system. Those familiar with Nordstrom’s system have confirmed that they received a software update just recently so that the point-of-sale systems work with the latest iPhones. However, Apple’s talks with Nordstrom is still in the early stages, so no one is quite sure if this will pan out the way it’s expected to. Reports are stating that iPhone users will be able to make payments either in retail stores or online with the new mobile payments service. We will have to wait just a few more days until Apple holds their event on September 9th.

    Source: Bank Innovation
    This article was originally published in forum thread: Apple in Talks With Nordstrom for Mobile Payment Partnership started by Akshay Masand View original post