The service would leverage the hundreds of millions of credit cards on file via the iTunes Store. Apple SVP Eddy Cue has reportedly met with industry executives to discuss their interest in Apple handling payments for their products.
In another sign of the company's interest, Apple moved Jennifer Bailey, a longtime executive who was running its online stores, into a new role to build a payment business within the technology giant, three people with knowledge of the move said. Those people said Apple also spoke to at least five other well-known executives in the payment industry about the position before tapping Ms. Bailey.
Apple's launch of a mobile payments service has long been rumored; however, with its new Touch ID, Passbook, and iBeacon features, the company is better poised than ever to debut such a service.
More details in the full report linked below...