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Apple Eyes New Payment Service.

Authors :
SIDEL, ROBIN
DAISUKE WAKABAYASHI
Source :
Wall Street Journal - Eastern Edition. 11/12/2015, Vol. 266 Issue 114, pA1-A8. 2p. 1 Graph.
Publication Year :
2015

Abstract

The article states that U.S. consumer electronics company Apple Inc. was negotiating with U.S. banks including J.P. Morgan Chase & Co., Capital One Financial Group, and Wells Fargo & Co. as of mid-November 2015 to develop a payment service system that would permit users to transfer money from their smartphones instead of cash or checks. According to the article, such a system wold be akin to digital payments firm PayPal Holdings Inc. platform known as Venmo.

Subjects

Subjects :
*PAYMENT systems
*BANKING industry

Details

Language :
English
ISSN :
00999660
Volume :
266
Issue :
114
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
110856131