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  • Apple and Retailers Talk Possible Mobile Payment Service

    A new report from 9to5Mac reports that there are discussions going on between Apple executives and retail chain directors for a mobile payment service. Sources familiar with the project have stated that talks took place over the past couple of months at ‘high profile’ retailers. It has been said that Apple has been interested in the mobile payment space and there is no clear leader as of yet. According to 9to5Mac, the reports states:

    The Apple discussions with retail chains included talk about the challenges of building a single payments service that could integrate with various retail stores. Every retail outlet has unique payment and transaction practices, so building a single mobile payments solution will require extensive research from Apple, and the company appears to be in that research and development phase. Apple has also been asking retailers to survey customers regarding potential interest in paying for items with their smartphones and other mobile devices. Apple also has been seeking general insight from retail store chains to see if the companies would be interested in utilizing an Apple payments service.
    It has been added that the company also began working on iTunes-based iPhone payments service. Jennifer Bailey, former Apple Online Store chief, leads the project with experts from hardware divisions and iTunes. The payment service would be incorporated into iOS devices and offer solutions so that users could use iTunes-connected forms of payments at retail stores. This service will most likely use a combination of Passbook, iBeacons, and Bluetooth LE.

    Source: 9to5Mac
    This article was originally published in forum thread: Apple and Retailers Talk Possible Mobile Payment Service started by Akshay Masand View original post