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Apple, Visa Could Team for Mobile Payments, Says Report

Apple and Visa could soon announce an alliance in mobile payments, Pacific Crest Securities speculated in a research note Monday. Such an Apple-Visa partnership would be a negative for eBay's PayPal, Pac Crest says. Apple is expected to roll out the iPhone 6 in September or October. "We expect the iPhone 6 to be launched with near-field communications (NFC) and secure element technologies, which would provide Apple with a broad technology portfolio to disrupt mobile payments," wrote Pac Crest analyst Josh Beck.

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