The idea would be to allow the use of iTunes gift card balances and the credit card info Apple already has from you to make swiping payments at compatible retail outlets. Apple is said to be planning enticements, like loyalty credits and points, to get you using its service in the place of the competition, and there are already a couple of software patent applications from the company detailing other potential uses for the technology. All of which could mean absolutely nothing, of course, but this seems like an awful lot of smoke for there not to be a fire under it.
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