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Finance Rumor

Rumor: Apple looking to create person-to-person payment functionality with Apple Pay

Apple could be moving Apple Pay into the person-to-person payments market. The current word on the ground is that Apple has spoken with J.P. Morgan Chase, Capital One, Wells Fargo, and U.S. Bancorp about the system. It’s not clear how far those talks have progressed, and many technical details remain unsettled.