By John Glenday

Apple has formed a partnership with American Express to develop a new iPhone payments system, expected to be formally announced during the launch of the iPhone 6 on 9 September.

The system is expected to enable owners of Apple’s latest handset to transform their phone into a mobile wallet, by enabling it to make payments for goods and services from participating retailers in a similar fashion to a credit or debit card.

For thisto work however Apple will need to obtain the approval of the credit card network or bank which issued the card, although Visa has previously been reported as agreeing Read full story ›

Source: The Drum