Apple Reportedly Reaches Agreement With American Express for iPhone Payments System

Apple has reached an agreement with American Express for its iPhone payments system, according to Re/code.

Apple’s new payments system is expected to allow iPhone 6 owners to pay for things at brick-and-morter stores using the handset. It’s believed that the system will utilize NFC technology, and Recode’s sources say that Apple’s Touch ID tech will be involved in the process at some point.

Today’s report comes amidst a flurry of others regarding the next-generation iPhone, NFC and mobile payments. It was rumored back in May that Apple had reached a dealwith China UnionPay for such a service, and Visa in July, and we’ve heard on a few occasions Apple was talking to retailers.

Here's a piece from the report: 

Apple has reached an agreement with American Express to work together on its new iPhone payments system, according to sources familiar with the talks. American Express is one of several partners Apple will need to sign up before it can launch its new payments plan, which sources say it plans to announce at its September 9 product event.
All of this is expected to be announced at the September 9th media event Apple sent out invitations to last Thursday. For the first time in several years, the company has picked Cupertino’s Flint Center for the Performing Arts, suggesting that it plans to make some significant announcements.

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