Apple reportedly teaming up with Amex, Visa and MasterCard for iPhone Wallet

Apple reportedly teaming up with Amex, Visa and MasterCard for iPhone Wallet
Your next Apple iPhone will double as a wallet, if speculation about partnerships between Apple and a trio of well known credit card companies is true. On Sunday, rumors starting spreading that Apple was going to announce partnerships between itself and American Express, Visa and MasterCard. The partnerships are expected to be announced during the same September 9th event that will finally out the Apple iPhone 6, said an anonymous source who wished to remain unknown because the talks are private.

This rumor ties in with other speculation. Just the other day, we passed along a rumor that claimed that the Apple iPhone 6 was going to feature NFC connectivity and a new mobile payment system. The latter is something that Apple CEO Tim Cook has been interested in for a long time. Currently, there is a case made for select versions of the iPhone, that turns it into a mobile wallet using an NFC micro-chip and a free ISIS mobile wallet app. ISIS is the service owned by AT&T, Verizon and T-Mobile.

A feature that might make the iPhone a useful mobile wallet, is the Touch ID fingerprint scanner. Touch ID could be used to verify the identity of someone making a payment using the handset. For Apple, it is all about generating revenue. With over 800 million iTunes accounts, all with payment information on file, Apple might be set to make a bundle. It is estimated that Apple could generate $300 in advertising revenue for each mobile wallet account it opens.


source: Bloomberg

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48 Comments

1. Jinto

Posts: 436; Member since: Jan 15, 2014

What? Apple collaborating with other companies?

5. superduper

Posts: 151; Member since: Oct 20, 2013

IBM, ARM, TSMC, Intel, Microsoft, Sony, Google, Samsung... Apple collaborates with many companies.

6. g2a5b0e unregistered

I have never & I will probably never own an Apple product, but I see no reason to hate on them. That comment makes no sense. Thanks for showing how stupid it is.

11. vincelongman

Posts: 5677; Member since: Feb 10, 2013

Agreed, Also NFC isn't widely supported because iPhones didn't have it If the iPhone 6 has NFC, there will defiantly be an increase in thing using NFC, which benefits all users

18. darkkjedii

Posts: 30972; Member since: Feb 05, 2011

100% agreed, it'll bring NFC to millions more, and push it further into the mainstream.

33. Finalflash

Posts: 4063; Member since: Jul 23, 2013

NFC is widely supported, just not in the US (it has some support). The only thing disappointing in this rumor is if Apple actually partners with those retarded carriers. I hope they sideline the carriers completely because those monopolist a-holes only serve to ruin customer experiences. Apple is the only company that can bypass them and keep control of the process. I hate it when non-tech companies start holding back tech innovations because they're monopolists hell bent on exploitation (talking about the carriers in case ppl get confused).

45. hurrycanger

Posts: 1760; Member since: Dec 01, 2013

Yup. Retarded carriers. I guess you're referring to ISIS mobile payment right? It's annoying how you need to get an isis sim card, maybe an American Express Serve account, your phone has to be supported by the carrier (even though some unsupported phones clearly have the hardware to do NFC payment), and that phone needs to be used with that one carrier even if it's unlocked.

47. darkkjedii

Posts: 30972; Member since: Feb 05, 2011

I can't wait to see your face to face sit down with Mr. Cook.

40. SPASE

Posts: 261; Member since: May 03, 2013

mate,,, down here in OZ, NFC is all over the place. we have been using Tap & Go / Pay Pass for some time now, haven't used my visa or debit card for almost a year, just my sammy phone ;)

41. Tekkasonic

Posts: 11; Member since: Jul 31, 2012

So you think just because its not on an iphone it does not have market share... BWAHAHAHAHAAHA...

34. InspectorGadget80 unregistered

here we go. first credit card companies doesn't want to use GOOGLE NFC now they are collaborating with APPLE? CORPORATE GREED

46. superduper

Posts: 151; Member since: Oct 20, 2013

Yeah. Wouldn't it be great to have every single purchase linked to your Google Account? Then Google will know what you're having for dinner. Soon you'll be seeing ads for organic carrots everywhere and you won't know why. No thanks.

2. fzacek

Posts: 2486; Member since: Jan 26, 2014

Typical Apple hungry for more profit...

3. g2a5b0e unregistered

Typical fzacek, making stupid comments. Clearly, Apple is the only company in the entire world trying to make money. I guess they are the only company who understands how a business is supposed to work.

4. Vexify

Posts: 570; Member since: Jun 16, 2014

He doesn't understand how a company works. At least he has something in common with those companies.

21. The-Sailor-Man

Posts: 1095; Member since: Mar 25, 2014

You missed the part in the article, that this is only rumors. And the apple's propaganda bashing NFC. Right?

24. g2a5b0e unregistered

I have no idea what you're talking about. My comment was meant sarcastically if that helps.

10. fanboyoftech

Posts: 29; Member since: Aug 30, 2013

Well said! Both your comments are great actually. Nice to see someone with some common sense on here.

8. InsertUsernameHere

Posts: 430; Member since: Aug 31, 2014

I guess Apple isn't allowed to make money, even though that's the whole point of a business.

22. The-Sailor-Man

Posts: 1095; Member since: Mar 25, 2014

Yes they are allowed. And also the apple propaganda is allowed bashing NFC.

12. darkkjedii

Posts: 30972; Member since: Feb 05, 2011

Please explain.

13. fzacek

Posts: 2486; Member since: Jan 26, 2014

"For Apple, it is all about generating revenue. With over 800 million iTunes accounts, all with payment information on file, Apple might be set to make a bundle. It is estimated that Apple could generate $300 in advertising revenue for each mobile wallet account it opens."

15. g2a5b0e unregistered

You're about as naive & idiotic as they come if you don't think most every other company out there feels the same way. People just hate on Apple because they are the most successful at it.

17. darkkjedii

Posts: 30972; Member since: Feb 05, 2011

Well said, he coulda just said: apples another very successful company, and left it at that.

16. darkkjedii

Posts: 30972; Member since: Feb 05, 2011

Horrible explanation. That's the business model of every for profit business on earth. I thought you were gonna tell us something we didn't know. Apples in the business of making as much money as possible, bro that's news to me.

19. g2a5b0e unregistered

Right, man. He clearly doesn't understand the difference between a business & a charity.

25. The-Sailor-Man

Posts: 1095; Member since: Mar 25, 2014

I didn't understand apple's propaganda bashing NFC, though.

27. darkkjedii

Posts: 30972; Member since: Feb 05, 2011

I googled Apples bashes NFC, and couldn't find anything. Care to provide a link?

28. nctx77

Posts: 2540; Member since: Sep 03, 2013

Apple never bashed NFC. Phil did say back in 2012 that he didn't see the benefit of it at that time or something like that. You are seriously making things up. Also, I believe they will be using it for other things like homekit etc.

32. nctx77

Posts: 2540; Member since: Sep 03, 2013

To add to my other comment. They probably wanted to nail down Touch ID before messing with Touch ID. Android has had the chip for a while, but security was always a concern. I think this is the biggest reason NFC hasn't taken off.

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