Apple buys startup that turns smartphones into mobile payments terminals

Apple recently purchased Mobeewave, a payments technology startup that developed a method by which smartphones like iPhone can be used as mobile payments terminals. Citing sources familiar with the matter, Bloomberg reports Apple paid approximately $100 million for Montreal-based Mobeewave and its "dozens" of employees. The team has been retained and continues to work out of its headquarters.Apple confirmed the purchase with a boilerplate statement, saying, "Apple buys smaller technology compani...