Apple hiring experts in its search for a “mobile payments” solution

Most of us have complained continuously because Apple has been reluctant to adopt standards like NFC in order to comply with the existing trend of mobile payments systems. We have heard of rumors pointing to an iPhone 6 and even the iWatch sporting NFC, but given the lukewarm reception that mobile payments has received, it begs to wonder if Apple is really adopting the technology for payments or not. New rumors point to Apple’s current status in this arena, and it seems that Cupertino has finally decided to wake up.

Reports have Apple looking to hire some industry executives that’ll help it build its mobile payments solution. This new payments system will be based on Apple’s current iTunes database, which Apple apparently wants to expand to third party retailers. The report reads:

“The company has been meeting with potential applicants for two new positions at Apple focused exclusively on building a business around the hundreds of millions of credit cards it already has on file. Apple is seeking to fill head of product and head of business development positions, one of these people said. 

Their ambitions are very, very serious, one of the sources said.”

We haven’t really heard plans for these new solutions to launch on iOS 8, and given the fact that we’re less than two months away from the announcement, it’ll most probably not happen until later this year or the next. With reports of Apple seeking a partnership with PayPal, and with other reports claiming that Apple and Square failed to reach a deal, it’s clear that Cupertino is in a rush.

Source: Re/code
Via: MacRumors

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Jaime Rivera
Jaime has been a fan of technology since he got his first computer when he was 12, and has followed the evolution of mobile technology from the PDA to everything we see today. As our Multimedia Manger, he’s been in-charge of growing our YouTube hobby into one of the biggest video channels in the industry. When he’s not building one of our videos, or filming our Pocketnow Daily, he can be found in his second biggest passion, which is running and fitness. Read more about Jaime Rivera!