I Take Credit Cards on my iPhone
I’ve been using this product for about 9 months now and it rocks! With your iPhone you can take credit card payments from anyone, anytime.
Your friend owes you $50, “yes I take credit cards Mark”.
Now Apple has fully embraced the product by putting it into the Apple store last week. They are most likely taking a cut of the transaction fee, but for Twitter founder Jack Dorsey, this is a significant retail endorsement for his new company.
What about NFC? Not sure how this fits in to the strategy for Apple.
There’s more info on TechCrunch.