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Technology Stocks : Apple 3.0
AAPL 270.37-0.4%Oct 31 9:30 AM EST

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To: MGV who wrote (90)8/31/2014 5:00:57 PM
From: MGV   of 157
 
Mastercard now too, according to Bloomberg
bloomberg.com

Apple Inc. (AAPL) plans to turn its next iPhone into a mobile wallet through a partnership with major payment networks, banks and retailers, according a person familiar with the situation.

The agreement includes Visa Inc. (V), MasterCard Inc. (MA) and American Express Co. (AXP) and will be unveiled on Sept. 9 along with the next iPhone, said the person who asked not to be identified because the talks are private.

The new iPhone will make mobile payment easier by including a near-field communication chip for the first time, the person said. That advancement along with Touch ID, a fingerprint recognition reader that debuted on the most-recent iPhone, will enable consumers to securely pay for items in a store with the touch of a finger.
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