Apple Is The "Sleeping Giant" In Payments

Still rumours, though the WSJ has been the source of controlled leaks before. I don't think that's the case here, but it's certainly a fact that Apple has been putting all of the parts into place for a killer play in mobile payments. 

Apple Inc. AAPL -1.82% is laying the groundwork for an expanded mobile-payments service, leveraging its growing base of iPhone and iPad users and the hundreds of millions of credit cards on file through its iTunes stores.

Eddy Cue, Apple's iTunes and App Store chief and a key lieutenant of Chief Executive Tim Cook, has met with industry executives to discuss Apple's interest in handling payments for physical goods and services on its devices, according to people familiar with the situation.

In another sign of the company's interest, Apple moved Jennifer Bailey, a longtime executive who was running its online stores, into a new role to build a payment business within the technology giant, three people with knowledge of the move said.