Apple's version of Venmo won't be ready until later this year

Apple's big iOS 11 update is about to drop, but one of its most exciting new features isn't quite ready.

The company's new peer-to-peer payments feature, which lets you exchange money through Apple's Messages app, won't launch until later this year, Apple confirmed in a statement on Monday.

The company didn't say exactly when it would be ready, only that it would be available "this fall" through a separate iOS 11 update. iOS 11 is due to come out of beta with its official public release slated for Tuesday, Sept. 19.

First introduced at WWDC earlier this year, Apple's new payments system is one of the few iOS 11 features we have yet to see in action. Though we got a brief taste of the payments during the WWDC keynote, it hasn't been part of the developer or public betas for iOS 11. Read more...