Apple is reportedly teaming up with American Express on iPhone payments

American Express cards

Those longstanding rumors of Apple building a mobile payment service may be coming true sooner than you think. Recode‘s sources claim that the folks in Cupertino have struck a deal with American Express to work on an iPhone payment system, hot on the heels of The Information‘s report of a similar agreement with Visa. Details of the system aren’t clear beyond a tie-in with the next iPhone (and likely your iTunes account), but Apple is supposedly ready to spill the beans at its September 9th event — if the leak is accurate, you’re going to get the full story pretty quickly.

We wouldn’t bet on a launch when Apple is known to occasionally change its mind (or face delays) at the last minute. However, the payment tech would certainly make sense in light of many rumors that Apple is finally incorporating NFC into its devices. While you can use NFC for accessory pairing and local file transfers, it’s more of a nice-to-have feature in those areas. It’s more important when you’re shopping, since tapping a payment terminal is typically easier and more secure than sending your banking details over Bluetooth or WiFi.

[Image credit: The.Comedian, Flickr]

Filed under: , ,

Comments

Source: Recode

http://ift.tt/1qYnW50

Source: Engadget Full RSS Feed http://ift.tt/1u2ywYR

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s