Jennifer Bailey, who managed Apple's online stores, has been given the job of building the company' payment business, while iTunes and App Store chief Eddy Cue has been talking with relevant industry executives.
The report follows Apple patent activity related to mobile payments. With iTunes having 575M registered users, the potential looks rather interesting and the service could pose a serious threat to the likes of PayPal (EBAY) and Square.
Meanwhile, the NYT reports on an interview that Steve Jobs gave in November 1983 to then Rolling Stone reporter Steven Levy, who's publishing the transcript of the conversation to celebrate 30 years of the Macintosh. At the time, Levy left much of the interview out of an article he wrote about the Mac for the magazine.
"It's like computers and society are out on a first date in this decade," Jobs said of the 1980s. "For some crazy reason we're just in the right place at the right time to make that romance blossom."