If Apple Inc. wants to make a strong move into mobile payments, it could do so by transforming its iTunes database into a payment and loyalty program, a recent industry report says.

Apple has already made several tentative steps into payments. Its Passbook wallet, unveiled last year, doesn't enable payments on its own but supports other payment apps that run on Apple devices. Apple also offers digital and plastic gift cards for use in its stores and online.

Subscribe Now

Authoritative analysis and perspective for every segment of the payments industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry