Apple working on person-to-person mobile payments service, report says

Not content to rule the world of mobile software and hardware, Apple is reportedly working on boosting its role as a payments solution by entering the arena of person-to-person payments

Like PayPal's Venmo, a system that facilitates easy mobile person-to-person payments, the Apple version would do the same but with the added benefit of being native to Apple's mobile devices

Word of the possible new service came via the Wall Street Journal on Wednesday. Citing sources familiar with the matter, the newspaper says the company has been in talks with a number of the banks including Capital One Financial Corp., U.S. Bancorp., Wells Fargo & Co. and J.P. Morgan Chase & Co Read more...