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Analyst Optimistic Apple Working on “iPay” Mobile Payment Platform

by Todd Haselton | May 3, 2012May 3, 2012 7:30 am PDT

Apple Store Register

Apple may be looking to get into the mobile payment game on its own with a new solution that one analyst has dubbed “iPay.” The payment platform could compete directly with other services such as ISIS – a partnership between AT&T, T-Mobile and Verizon Wireless – and Google Wallet, which is currently used by Sprint and supported by T-Mobile. Mark Moskowitz, an analyst with J.P. Morgan, said in a note to investors that he’s “more optimistic” Apple will launch the so-called NFC-enabled “iPay” mobile platform ahead of its highly rumored iTV. Unfortunately, he doesn’t have any insider knowledge to back up those claims. “Currently, we do no have any evidence of an “iPay” platform in development, but it is our view that the company’s current “Apple Store” app that enables consumers to check themselves out of an Apple Retail Store could be the stepping stone,” Moskowitz said.

[via AppleInsider]


Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...

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