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Apple Set To Take Mobile Payments This Fall

Apple Set To Take Mobile Payments This Fall

Apple have announced they will be taking mobile payments from their customers this fall.


 

If your looking to use your smartphone or tablet as a mobile credit card this year then it could soon be coming, with Apple set to accept mobile payments from their customers very soon.

The new service would allow users to pay for Apple goods via their cell phones, tablets, apps and even in retail stores by allowing devices such as the iPhone to directly pay the company just like a credit card.

The company plans to run the system without giving up control to wireless carriers, many of who have been working on their own mobile payment solutions.

Security is set to be stored in a certain part of the phone and will hold all of the users details and payment information with it being rumoured that the new mobile payments system would utilize Touch ID to authorize payments with Apple’s Passbook app acting as a virtual “wallet” to hold the credit cards.

The company is also expected to leverage the over 800 million iTunes accounts it currently has, a large number of which are attached to credit cards

What are your thoughts on these new mobile payment system ideas that Apple are considering?  Please let us know down in the comments below.


Follow MacReviews for the latest Apple News and product reviews including live events such as the reveal of the iPhone 6 and WWDC 2014.

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