While NFC has been the talk of the town in terms of mobile payments, Square has quietly worked around it one way, and Apple just did it another way.
The most interesting thing about this test though is the real big picture. It’s a reminder that Apple has hundreds of millions our credit cards in their iTunes system which is now connected to every iPhone. When you add these two things together in the real world, guess what it equals?
Apple making a shit ton of money.