Apple has reportedly reached an agreement with the world’s largest payment systems – Visa, MasterCard and American Express to introduce a mobile wallet on the next iPhone model due to be unveiled on September 9.
The new iPhone will simplify mobile payment by including a special near-field communication chip,Bloombergreports citing an unnamed source familiar with the situation. Along with a fingerprint recognition reader the Touch ID technology will allow consumers to securely pay for items in a store with their finger.
Software giants like Google have already tried to implement payment technology into smartphones to make in-store payments, but US retailers were slow to adopt the idea.
Read the full story at: www.rt.com / link to original article