Apple, Nordstrom in talks to partner on iPhone payments

“Department store Nordstrom is reportedly in talks to be one of Apple’s early merchant partners when the company unveils its new payments platform soon, according to sources with knowledge of the discussions,” Ian Kar reports for Bank Innovation.

“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.”

Read more in the full article here.

MacDailyNews Take: Synergy.

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  1. I love Nordstrom they have been so far ahead of everyone else from using Apple devices which are a real time saver and also the fact they have had Macs set up for quite some time now so you can check inventory or order online directly. Patience is not one if my virtues at least when it comes to shopping and for this reason Nordstrom is number one for me.

  2. This would be the real game changer for iWallet – get not only the major Credit Card companies onboard, but stores as well!

    Couple that with iBeacons so that when I walk up to a register at Target, Best Buy, Lowes, etc. the payment authorization is already on my iPhone 6 screen waiting for my thumb print to finish the transaction!

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