Apple is "very, very serious" about hiring new executives to head up a new mobile payments system, according to a report from Re/code earlier today. The company is looking to fill two new positions to lead the charge—one for a head of product and one for a head of business development. CEO Tim Cook has previously indicated Apple's interest in mobile payments, lending some weight to the rumors.
“We’re seeing that people love being able to buy content, whether it’s music or movies or books, from their iPhone, using Touch ID,” said Cook in the company's first quarter earnings call. “The mobile payments area in general is one that we’ve been intrigued with, and that was one of the thoughts behind the Touch ID. But we’re not limiting ourselves just to that.”
Apple has also reportedly been in talks with PayPal about a mobile payments system, though neither company would comment on specifics.