Robin Sidel and Daisuke Wakabayashi, reporting for the Wall Street Journal:

Apple Inc. is in discussions with U.S. banks to develop a payment service that would let users zap money to one another from their phones rather than relying on cash or checks, according to people familiar with the matter.

The move would put the tech giant in competition with an increasing number of Silicon Valley firms trying to persuade Americans to ditch their wallets in favor of digital options.

This will be a big step forward for Apple Pay.