Apple Pay's nemesis

CurrentC exclusivity to last "months, not years"

Payments through Messenger

Facebook Messenger reportedly ready to let you pay friends

iPhone Wallet

CVS, Walgreens may accept iPhone 6 wallet for payment

mobile payments

ISIS mobile payments service rebrands itself as Softcard

iPhone Wallet

iPhone Wallet could host Visa, Mastercard, American Express

money in the bank

Apple reportedly signs American Express for mobile payments

Here we go again

Apple, once again, reported to be including NFC in iPhone 6

News

Apple puts its money where its mouth is with rumored mobile wallet

News

Burger King will let you use your iPhone to pay for your Whopper

Apps

OpenTable will let iPhone users pay from their phone

News

Verizon iPhone users can now get in on the NFC payment action

News

Apple reportedly interested in handling mobile payments — Would you use iTunes over Paypal or Square?

News

NFC finally comes to the iPhone - but there's a catch

Accessories

ISIS readying to go where Apple won't: NFC tap-to-pay for iPhone

News

Square Business in a Box, everything you need to get started taking payments on iPhone and iPad

News

Apple's AuthenTec acquisition, and why they may have wanted to move so quickly

Accessories

Accept mobile payments with serious style on the go using PayAnywhere

News

MasterCard hints that Apple is on board for contactless NFC payments

News

Google Wallet brings NFC-powered payments to Android, will Apple do likewise?

News

Softbank brings NFC payment technology to iPhone 4

< >

Apple said to be building an electronic payment business, interviewing experienced candidates now

Mobile payments

Apple has long been rumored to be exploring building their own payments system, and according to a recent report they're looking to bring on senior executives from the payments industry to make it happen. With hundreds of millions of credit cards on file for iTunes, Apple already has a massive built-in base of potential users. According to Re/code, Apple's e-commerce head Jennifer Baily has been meeting with potential candidates.

The company has been meeting with potential applicants for two new positions at Apple focused exclusively on building a business around the hundreds of millions of credit cards it already has on file. Apple is seeking to fill head of product and head of business development positions, one of these people said.

Where Apple's current payments system is purely for iTunes and App Store purchases, Apple is reported to be exploring how to extend the purchasing power of their customers into the real world and the web. Apple's interest in the area has extended to Square and PayPal, though neither have a concrete commitment at this time. PayPal has, however, secured a partnership with Samsung for the new Samsung Galaxy S5 (you should read Android Central's review — this is the phone that's going to cause the most trouble for the iPhone 6.)

Source: Re/code

Have something to say about this story? Share your comments below! Need help with something else? Submit your question!

Derek Kessler

Managing Editor of Mobile Nations, Army musician, armchair pundit, and professional ranter.

More Posts

 

5
loading...
0
loading...
43
loading...
0
loading...

← Previously

How to organize alerts in Notification Center for iPhone and iPad

Next up →

CFMulti DSLR CompactFlash media card adapter review

Reader comments

Apple said to be building an electronic payment business, interviewing experienced candidates now

1 Comment

Until they get their fraud problem fixed, I see this as a bad thing. I had charges on my credit card by iTunes that I did not make. Apple did help me. They refunded the charges, and advised that someone had used my card to create a new iTunes account. I had to cancel the card, and get another one. Apple has a long history of this kind of problem. Even with all the checks in place now, it is still happening. I have two step verification, but on small charges, it just goes through without forcing the two step, and in my settings it clearly states two step. Way too many bugs to have their own payment system.