Apple interviewing candidates for mobile payment service

Apple has been interviewing senior payments industry executives as the company looks to move forward with its own mobile payments service, Re/Code reports. The company is looking to hire for two new positions — head of product and head of business development — concentrating “exclusively on building a business around the hundreds of millions of credit cards it already has on file.” Apple executive Jennifer Bailey is reportedly leading the initiative — a prior report noted Bailey was in a new role. A source said on the plans, “their ambitions are very, very serious.” While this report claims that the initiative is now further along, rumors of an iTunes-based mobile payment service have been circulating for long enough that it’s hard to imagine the company is just staffing up for this purpose now.

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