Apple Reportedly Adding Way To Use Iphones As Standalone Payment Terminals In Ios 15 4
According to Bloomberg, the technology is being enabled by Apple’s 2020 acquisition of a Canadian startup called Mobeewave. The firm, which cost Apple around $100 million, created assets that would allow existing smartphones to process credit card payments via built-in chips, like the ones that power Apple Pay in all modern iPhones. It worked with Samsung to bring similar payment acceptance functionality to its Galaxy series smartphones before its acquisition....