It's no secret that Apple has been steadily progressing toward a mobile payment system. Through iTunes and the Apple Store the company already has a massive customer base and enough stored credit card information to grab the attention of retailers. Since it first debuted last year, iBeacon technology has quickly been adopted and deployed by many major retailers, including Macy's, Virgin Atlantic and Major League Baseball among others. The company also charged its online stores executive, Jennifer Bailey, with building an in-house payment system. NFC (near field communication) chips would be a key ingredient and the next logical step toward mobile payments.
In a note to investors that was shared with AppleInsider, Morgan Stanley analyst Craig Hettenbach wrote that Apple will likely adopt NFC technology and incorporate the chips in future devices, making it a "core part of its mobile payments strategy." He also pointed to a report earlier this month that claimed Apple is working with