A recent report from 9to5Mac suggests the Apple is in talks with retail store directors over the possibility of a mobile payments service.
Citing sources familiar with the project, the site indicates that the discussion has been made with various retail store brands that sell luxury clothing and premium goods.
The Apple mobile payments service would be integrated into iOS devices allowing customers to use their iPhone to pay for goods in retail stores through their iTunes account.
Apple is currently concerned about developing a single payment solution for various different retailer stores as each has its own unique payment and transaction practices.
“Every retail outlet has unique payment and transaction practices, so building a single mobile payments solution will require extensive research from Apple, and the company appears to be in that research and development phase.
Apple has also been asking retailers to survey customers regarding potential interest in paying for items with their smartphones and other mobile devices. Apple also has been seeking general insight from retail store chains to see if the companies would be interested in utilizing an Apple payments service. “
Previously, Apple’s CEO Tim Cook, stated that the Touch ID feature could be used for mobile payments service other than iTunes and App Stores. He also noted the that Apple is “intrigued” with mobile payments and that there’s a “big opportunity on the platform.”