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Report: Apple signs deal to facilitate mobile payments with iPhone 6

Apple reportedly to shake up mobile payments with the release of its iPhone 6

Michael Hatamoto | Sep 2, 2014 at 11:34 am CDT (0 mins, 40 secs reading time)

Ahead of its press event later this month, Apple reportedly has agreed to partnerships with American Express, Visa and MasterCard, in an attempt to turn the upcoming iPhone 6 into a mobile wallet. Not surprisingly, consumers will have to wait until the official Apple event for confirmation of the deal - but it could help usher in mobile payments to casual users.

Report: Apple signs deal to facilitate mobile payments with iPhone 6 | TweakTown.com

Using Near Field Communication (NFC) technology coupled with a Touch ID fingerprint scanner, the mobile payment system would be more secure. If implemented properly, customers would be able to make purchases at select retailers just with their fingerprint.

"Love it or hate, Apple drives a lot of standards in the industry," said Ben Majarin, Creative Strategies analyst. "They are the mover in these markets. When they do something, the industry seems to follow."

Last updated: Apr 7, 2020 at 11:47 am CDT

Michael Hatamoto

ABOUT THE AUTHOR - Michael Hatamoto

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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