Apple adds American Express, Visa, MasterCard as mobile payment partners

Many Android phones have come equipped with NFC for years.

Many Android phones have come equipped with NFC for years.

After years of reports saying that NFC is coming to the iPhone for mobile payments, it looks like it will finally be a reality on September 9th.

Part leaks have indicated that Apple’s next-gen iPhone hardware will indeed be equipped with NFC to make transactions for physical goods at brick and mortar stores. Now Apple has struck a partnership with American Express, Visa and MasterCard to support mobile payments in the iPhone 6, according to new reports.

“Apple has reached an agreement with American Express to work together on its new iPhone payments system,” reports RecodeBloomberg adds that Visa and MasterCard have been brought on board as well.

Credit card companies are already on board with using NFC to handle wireless payments. Mastercard Paypass and Visa Paywave allow customers to wave their NFC-equipped Android phones to pay for goods. It’s up to individual merchants to support the technology, which will be another hurdle for Apple to overcome to get its mobile payments offering off the ground.

Last week, Daring Fireball’s John Gruber suggested the following scenario: “NFC and a new secure enclave where you can store your credit cards, so you can pay for things at brick and mortar retail stores just by taking out your iPhone, but only if it’s one of the new iPhones.” He also posited that mobile payments could be baked into the iWatch.

Apple already has a secure enclave for storing Touch ID fingerprints in the iPhone 5s, and Tim Cook has said that authenticating e-commerce transactions was one of the driving reasons behind creating Touch ID.

About the author

Alex HeathAlex Heath is a senior writer at Cult of Mac and co-host of the CultCast. He has been quoted by the likes of the BBC, KRON 4 News, and books like "ICONIC: A Photographic Tribute to Apple Innovation." If you want to pitch a story, share a tip, or just get in touch, additional contact information is available on his personal site. Twitter always works too.

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