Bloomberg: Apple's Teamed With Visa and MasterCard on an iPhone Wallet

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Over the weekend, it was rumored that Apple was working with American Express to turn your iPhone into a smart wallet. Now, a new report suggests that Apple is also teaming up with Visa and MasterCard, too.

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Bloomberg reports that a person familiar with the situation has told it that Apple is in the process of setting up a "partnership with major payment networks, banks and retailers." The rumor reaffirms Recode's suggestion that Apple is working with American Express, adding MasterCard and Visa to the list.

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The report suggests that the new iPhone will include a near-field communication chip—an addition which has been rumored for a very, very long time. Alongside TouchID, Bloomberg explains, that technology will "allow consumers to securely pay for items in a store with the touch of a finger" by lining their device to their credit card. The news wire claims that the new smart wallet system will be announced on September 9th at Apple's iPhone event.

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With reports now by Recode, The Information and now Bloomberg all focussing on a real, working Apple smart wallet, there's some weight behind these rumors. But given that NFC has continually been expected on the iPhone while never actually appearing, it's still worth taking a good o'l pinch of salt with the rumor. Let's wait until the 9th to find out. [Bloomberg]

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