Apple Rumored (Again) to Include Mobile Payment Support in Next iPhone

July 28, 2014

Apple Rumored (Again) to Include Mobile Payment Support in Next iPhone Another upcoming iPhone release, another round of rumors that it will include support for mobile payments. This time the source is a widely quoted report from technology publication The Information that said Apple is in talks with Visa “and other card networks” about mobile-payment partnerships. Little detail was available around the rumors, though they did offer this nugget:

“Apple has told some partners its system would involve a so-called secured element in the phones—a piece of hardware where sensitive information such as a phone owner’s financial credentials can be stored. The company also aims to run the system without giving up any control to wireless carriers.”