Apple working to allow iPhones to act as POS terminals

According to a new Reuters report, Apple is looking to introduce a new service that would allow businesses to use iPhones as POS (point of sale) terminals without any additional hardware involved. The move is expected to happen via a software update in the coming months and would allow customers to pay via NFC directly by placing their contactless credit/debit cards, iPhone or Apple Watch on another iPhone. It remains to be seen if this new feature will be part of Apple Pay of if Cupertino will partner with existing payment providers. Apple currently allows merchants to use their...

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