Apple working on tech to allow iPhones to directly process credit cards

Small businesses may soon be able to accept credit and debit card payments directly through the iPhone’s onboard NFC chip without the need for external hardware.In August 2020, it was reported that Apple purchased Mobeewave, a payments technology startup that developed a method allowing smartphones to be used as mobile payments terminals.Now it appears that the Cupertino-based tech giant has plans for the technology — allowing small businesses to accept payments directly on their iPhones without any extra hardware, according to Bloomberg. Read more…
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