Apple may soon have a new way to help you spend more of your money


Apple is reportedly developing its own wireless payment service for mobile devices, The Wall Street Journal has learned, eying a piece of a growing business – Americans are expected to spend $90 billion through mobile payments by 2017 according to Forrester Research, up significantly from $12.8 billion in 2012. Sources familiar with the matter have said that Apple’s iTunes and App Store chief Eddy Cue has met with industry execs to talk about how Apple would handle payments for goods and services from its mobile devices. Moreover, Apple’s Jennifer Bailey who was running the company’s online stores has been moved into a new, unconfirmed, role to build a payment business for the company.

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