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iPhone 6: American Express and Mastercard on board for mobile payments

iPhone 6: American Express and Mastercard on board for mobile payments

Apple has inked deals with American Express and Mastercard, it has emerged, amid rumours it is readying the launch of a new mobile payment service.

The so-called 'wallet' for payments will form part of the upcoming iPhone 6, according to reports.

Re/code says sources told it AmEx is the latest firm to become part of Apple’s plans. Mastercard’s inclusion was subsequently revealed by Bloomberg.

The signing of the two major credit card companies comes after stories emerged in July of Apple doing a deal with Visa.

While details of Apple’s mobile payment service remain sketchy, a series of recent rumours around the iPhone 6’s use of NFC technology suggest such a service will allow punters to tap their handsets over a reader to pay for items.

It’s believed Apple will be able to use the millions of credit card details it already has stored from iTunes accounts, making sign-up as seamless as possible.

The tech giant's Touch ID fingerprint security tech is also expected to feature heavily in any mobile payment service.

The iPhone 6 is due to launch at a special event being held by Apple at the Flint Centre in Cupertino on Tuesday September 9th.

Source:

Re/code

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