Why Apple’s Passbook Doesn’t Do Credit Cards (Yet)

MacStories writes, Why Apple’s Passbook Doesn’t Do Credit Cards (Yet) Jessica E. Vascellaro of The Wall Street Journal writes: Apple’s head of iPhone software, Scott Forstall, was interested in the idea, say people familiar with the matter, and engineers on his team began to brainstorm a comprehensive “wallet app.” They discussed whether Apple should facilitate payments to merchants directly, one of these people said. The idea didn’t go very far, on account of the complexity, including the possibility that the company would need to become a bank. [...] Apple’s Mr....

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