Apple is looking to develop a new mobile payment service on the back of its hundreds of millions of iTunes Store accounts



From MacRumors:

The report claims Eddy Cue, Apple's senior vice president in charge of Internet Software and Services -- including the iTunes Store -- has met with other companies to discuss the company's desire to handle payments in retail stores and elsewhere. Eddy Cue, Apple's iTunes and App Store chief and a key lieutenant of Chief Executive Tim Cook, has met with technology industry executives to discuss Apple's interest in handling payments for physical goods and services on its devices, according to people familiar with the situation.

  Apple Looking to Develop Mobile Payment Service