“Nordstrom employees have also given Bank Innovation new details on the company’s recent upgrades to its mobile point-of-sale terminals, which hearken to a deal with Apple,” Kar reports. “The talks Nordstrom and Apple have been engaged are said to be related to payments — but the extent of those talks is unclear. Apple was looking for a clothing brand with a large physical reach to join its to-be-launched payments platform, our source said, but also with an established, high-end brand.”
“Nordstrom employees, who requested anonymity, said that the department store chain upgraded its mobile POS terminals ‘a few weeks ago’ with hardware that allow it to work with the ‘most recent iPhones,'” Kar reports. “Retail industry insiders have indicated to Bank Innovation that there were other companies in the running to join Apple’s payments initiative. We were told that these merchants lost out to Nordstrom because they did not have many physical stores.”
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