Apple (AAPL) and Visa (V) may to tackle mobile payments.
J
osh Beck, an analyst for Pacific Crest, claims that improved security features announced by Visa could lead to an team up with a major tech company. He claims that a team up between Apple and Visa would make strategic sense and that it could possibly be announced this fall, reports ÃÛÌÒ´«Ã½Watch.
Beck pointed to Apple Passbook as an example of what a team up between the two companies could do. He said a combined mobile payment system would be like Passbook on steroids and that the company’s roughly 800 million card numbers stored on iTunes could be part of a mobile payment system, ÃÛÌÒ´«Ã½Watch notes.
If Apple and Visa do team up on the mobile payment front, the companies could take advantage of a rumored feature for the iPhone 6. The iPhone 6 will supposedly support near-field communications, which could be used to scan certain cards for payments, reports .
AAPL stock was down slightly as of Tuesday afternoon.
