VIDEO : Apple Working On Money Transfer App

Looks like Apple is working on a money transfer service allowing iPhone owners to send cash to each other directly, according to Recode. A source claims the new Apple-powered payment service could be announced during this fall's iPhone 8 launch event. Apple is also in talks with credit card company Visa to create its own debit cards. According to Techradar, these pre-paid cards would allow iPhone users to make purchases immediately, rather than marry a credit card to their Apple Pay or wait for a bank transaction to clear.