TribLIVE

| USWorld


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Apple reportedly looks at mobile payments

About The Tribune-Review
The Tribune-Review can be reached via e-mail or at 412-321-6460.
Contact Us | Video | Photo Reprints

Daily Photo Galleries


By Bloomberg News

Published: Saturday, Jan. 25, 2014, 6:39 p.m.

Apple Inc., which has more than 400 million credit cards on file with its iTunes Store, is exploring an expansion of the mobile-payments system, said a person with knowledge of the matter.

The initiative is being led by Eddy Cue, chief of the iTunes and App Store and online services, and he has tapped executive Jennifer Bailey for the effort, said the person, who asked not to be identified because the information isn't public. The timing of the payments effort isn't clear, said the person.

Amy Bessette, a spokeswoman for Apple, didn't immediately return a call for comment. The plans were first reported by the Wall Street Journal.

The move would expand Apple's reach into a competitive online payments field and potentially give it another revenue source as Chief Executive Officer Tim Cook looks to reignite growth.

 

 
 


Show commenting policy

Most-Read Nation

  1. Wyatt Earp gun sells for $225K at auction
  2. SpaceX supply ship makes Easter cargo delivery to space station
  3. Obama administration delays decision on Keystone XL pipeline
  4. Wyoming evacuees wary of slow landslide
  5. Study says regular pot use affects the brain
  6. GAO finds just 1 percent of large partnerships audited by IRS
  7. Heroin-related deaths set record in Ohio
  8. Colorado deaths stoke marijuana worries
  9. Probation officer of suspect in slaying of North Allegheny graduate resigns
  10. Recovery expert believes wreckage of missing plane located
  11. Denver wife killed 12 minutes into 911 call, sparking inquiry
Subscribe today! Click here for our subscription offers.