Apple teams up with Amex, Mastercard and Visa for mobile payments

iPhone 6 to introduce mobile payments

Apple is believed to have finalised deals with American Express and Mastercard, which will allow users to pay for good and services using the iPhone 6.

The two credit card companies follow in the footsteps of Visa, which was reported to be in talks with Apple in July. All three partnerships are expected to be unveiled at the launch of the iPhone 6 on 9 September, sources have confirmed to Recode and Bloomberg.

Specifics including the name of the payment system, where it will accepted and how it will work remain unknown. However, Apple's Touch ID fingerprint scanner is expected to play a key role in the authentication process and credit card information is expected to be stored on a specific piece of the hardware known as the "secure element".

Apple has so far resisted the temptation to build in Near Field Communication (NFC) into its products despite the technology being a standard inclusion in high-end Android and Windows Phone handsets.

Advertisement
Advertisement - Article continues below
Advertisement - Article continues below

Confirmation that an iPhone mobile payments systems exists means that NFC is now guaranteed to be featured in the next-generation handset.

Contactless payments have grown in popularity, with 19.7 million transactions happening in the UK in May 2014, according to Visa Europe.

With Apple arriving to challenge established vendors like PayPal and Google Wallet, analysts expect this to be a pivotal moment for the mobile payments landscape.

Featured Resources

How inkjet can transform your business

Get more out of your business by investing in the right printing technology

Download now

Journey to a modern workplace with Office 365: which tools and when?

A guide to how Office 365 builds a modern workplace

Download now

Modernise and transform your sales organisation

Learn how a modernised sales process can drive your business

Download now

Your guide to managing cloud transformation risk

Realise the benefits. Mitigate the risks

Download now
Advertisement

Recommended

Visit/business-strategy/33311/apple-launches-new-tv-gaming-and-finance-services
Business strategy

Apple launches new TV, gaming and finance services

25 Mar 2019
Visit/business-operations/supply-chain-management-scm/354667/apple-closes-wuhan-store-in-anticipation-of
supply chain management (SCM)

Apple closes Wuhan store in anticipation of coronavirus infection

29 Jan 2020
Visit/business/business-strategy/354666/apple-reports-all-time-sales-records
Business strategy

Apple reports all-time sales records

29 Jan 2020
Visit/hardware/laptops/354509/apple-macbook-pro-16in-review-a-little-bigger-a-lot-better
Laptops

Apple MacBook Pro 16in review: A little bigger, a lot better

10 Jan 2020

Most Popular

Visit/mobile/28299/how-to-use-chromecast-without-wi-fi
Mobile

How to use Chromecast without Wi-Fi

5 Feb 2020
Visit/cloud/cloud-computing/354767/google-cloud-snaps-up-multi-cloud-analytics-platform-for-26bn
cloud computing

Google Cloud snaps up multi-cloud analytics platform for $2.6bn

13 Feb 2020
Visit/security/34616/the-top-ten-password-cracking-techniques-used-by-hackers
Security

The top ten password-cracking techniques used by hackers

10 Feb 2020
Visit/operating-systems/27717/how-to-fix-a-stuck-windows-10-update
operating systems

How to fix a stuck Windows 10 update

12 Feb 2020