TribLIVE

| USWorld


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

Apple reportedly looks at mobile payments

Daily Photo Galleries

By Bloomberg News
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. Ticks reduce moose population in northern states
  2. 121 tourists stranded on schooner near Statue of Liberty
  3. Egyptian Bary admits links to 1998 U.S. Embassy bombings in Africa
  4. Authorities in California search for 5 jail escapees
  5. Hurricane shattered Charleston, S.C., tested mayor 25 years ago
  6. Threats from Mexican cartels lead protesters to scrap immigration rallies, organizer says
  7. Pope picks moderate to be Chicago archbishop
  8. Scope of Chrysler’s latest SUV recall questioned
  9. Pentagon program seeks to retain U.S. technological edge against foreign rivals
  10. DHS headquarters’ planning goes awry
  11. New DNA testing in twins welcomed by prosecutors
Subscribe today! Click here for our subscription offers.