Apple partners with credit card companies for iPhone wallet

|About: Apple Inc. (AAPL)|By:, SA News Editor

Apple (NASDAQ:AAPL) is planning a new partnership with major payment networks, including Visa (NYSE:V), MasterCard (NYSE:MA) and American Express (NYSE:AXP) to transform the next iPhone into a mobile wallet, Bloomberg reports.

The announcement follows earlier reports that the iPhone 6 will feature NFC and support a mobile payments platform.

Along with a fingerprint recognition reader that debuted on the most recent iPhone, the NFC enabled device will be able to ensure secure payments.