AfterDawn: Tech news

Apple working on iWallet to allow for physical purchases through your iTunes account

Written by Andre Yoskowitz (Google+) @ 26 Jan 2014 12:35 User comments (1)

Apple working on iWallet to allow for physical purchases through your iTunes account According to the WSJ, Apple is looking into creating a platform to allow users to purchase goods at physical stores through their iTunes accounts.
Eddy Cue, Apple's App Store boss, has been meeting with industry executives to discuss the company's interest in a payments platform for goods and services.

The industry for mobile payments is getting somewhat crowded with PayPal, Google, Square, Stripe and others fighting for your business. Forrester Research estimates that $90 billion in mobile transactions will be processed in the US by 2017, up from $12.8 billion in 2012.

Currently, Apple controls payments for digital books, movies, music and TV purchased through iTunes, as well as paid apps. Customers in Apple retails stores can also buy some products by scanning the item and using their connected credit card, as well. So far, however, buying physical goods and services is not an option using your linked iTunes account, meaning you must re-type your credit card information manually.

If Apple were to pursue mobile payments, it could be a massive game changer. There are currently 575 million iTunes account users, with nearly all having linked credit cards.

Previous Next

Related news

 

1 user comment

126.1.2014 22:02

Let's hope Apple will have better security than these many other places that get hacked and steal other people's credit cards and personal information.

I will not use it.


AMD Phenom II 965 @ 3.67Ghz, 8GB DDR3, ATI Radeon 5770HD, 256GB OCZ Vertex 4, 2TB Additional HDD, Windows 7 Ultimate.

http://www.facebook.com/BlueLightningTechnicalServices

Comments have been disabled for this article.

Latest news

Plex now available for PS3, PS4 with limitations Plex now available for PS3, PS4 with limitations (17 Dec 2014 22:56)
A little over a month after Plex released an app for the Xbox 360 and Xbox One, the personal media streaming company has released apps for the PS3 and PS4.
U.S. to blame North Korea for Sony Pictures hack U.S. to blame North Korea for Sony Pictures hack (17 Dec 2014 21:52)
According to numerous media outlets, U.S. government officials will announce tomorrow that North Korea was indeed behind the devastating hack on Sony Pictures.
1 user comment
Sony has no plans to ever release 'The Interview' - no DVD, Blu-ray, no VOD, no TV Sony has no plans to ever release 'The Interview' - no DVD, Blu-ray, no VOD, no TV (17 Dec 2014 20:30)
Sony Pictures has now decided against ever releasing 'The Interview' in any form, almost guaranteeing themselves a $100 million loss on the film.
9 user comments
Nearly everyone in Hollywood is outraged by Sony and the movie theater chain's 'act of cowardice' in canceling 'The Interview' Nearly everyone in Hollywood is outraged by Sony and the movie theater chain's 'act of cowardice' in canceling 'The Interview' (17 Dec 2014 20:00)
Following news that all the major U.S. movie theater chains would not be showing 'The Interview,' Sony Pictures announced it was canceling the release of the film, which was slated to open on Christmas in the U.S.
1 user comment
The hackers win: Sony cancels release of 'The Interview' as movie theaters bail The hackers win: Sony cancels release of 'The Interview' as movie theaters bail (17 Dec 2014 19:39)
Just hours after major U.S. theater chains said they would not screen the film following terrorists threats, Sony has canceled the release of 'The Interview,' a comedy in which Seth Rogen and James Franco are sent to North Korea to assassinate Kim Jo
3 user comments

News archive