Purchasing merchandise with a mobile phone is nothing new in many parts of the world, including Japan, South Korea, Scandinavia and many other parts of Europe, but it hasn't taken hold in the U.S. yet. Google Wallet is around but it hasn't been heavily adopted thus far. Apple, seeing a future in mobile commerce, has been working fervently on such a system.
According to The Information, in recent months Apple has been in talks with many payment industry companies, including Visa, in effort to come to an agreement on a mobile payment system. People with knowledge of those discussions say that