Apple to Partner With Nordstrom on New Payments Platform?

Apple to Partner With Nordstrom on New Payments Platform?

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Nordstrom is reportedly in talks with Apple to become one of the first merchant partners for its new payments platform, reports Bank Innovation.

The talks Nordstrom and Apple have been engaged are said to be related to payments — but the extent of those talks is unclear. Apple was looking for a clothing brand with a large physical reach to join its to-be-launched payments platform, our source said, but also with an established, high-end brand. With a strong brick-and-mortar presence and a focus on digital innovation, our source said Nordstrom was a “great” pick for Apple.

Notably, Nordstrom just upgraded its mobile point-of-sale terminals which also hints that they may be preparing to support payments via Apple's next generation iPhone.

Bank Innovation's source said that the two companies had a 'contract' but the specifics of the contract weren't available yet. The site also verified that the terminals being used by Nordstrom are the same ones that the Apple Store is currently utilizing.

Experian analyst Cherian Abraham recently tweeted, "Another distinct reason for Nordstrom and Apple. Almost entirely iOS devices for checkout. And a consumer base uncharacteristically - Apple."

Apple is expected to unveil its next generation iPhone on September 9th. Please follow iClarified on Twitter, Facebook, Google+, or RSS for updates.

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Apple to Partner With Nordstrom on New Payments Platform?
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