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Apple And American Express Build Mobile Wallet

  • The Drum, Tuesday, September 2, 2014 8:44 AM

Apple has formed a partnership with American Express to develop a new iPhone payments system, expected to be formally announced during the launch of the iPhone 6 on 9 September. The system is expected to enable owners of Apple’s latest handset to transform their phone into a mobile wallet. For this to work however Apple will need to obtain the approval of the credit card network -- Visa has previously been reported as agreeing to such a system.

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