Apple Aims to Change the Game Again With Mobile-Payments
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Apple Inc. is jumping into the mobile-payments market just as retailers upgrade their cash registers to be more secure and ready to receive wireless transactions.
Chief Executive Officer Tim Cook is planning to unveil new iPhones, wearable devices and a mobile-payments system on Sept. 9, people with knowledge of the matter have said. Visa Inc., MasterCard Inc. and American Express Co., as well as banks and retailers, are forming partnerships with Apple to let shoppers pay with iPhones, and possibly using a device worn on the wrist, a person familiar with the plans said this week.