Apple working on first-party financial services under codename ‘Breakout’

By news@appleinsider.com (Mike Peterson) Apple is currently developing new technology and infrastructure to bring a wide range of financial services for consumers in-house, reducing its reliance on outside partners.Apple PayThe multiyear plan is said to include payment processing, risk assessment, fraud analysis, credit checks, and additional customer service functions. Part of the project has been dubbed by the internal codename “Breakout.” …

Source:: Apple Insider