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Apple talking with Canadian banks to launch Apple Pay this fall: report

Apple Pay
FILE - In this Sept. 9, 2014 photo, Apple CEO Tim Cook introduces Apple Pay during an event in Cupertino, Calif. AP Photo/Marcio Jose Sanchez, File

TORONTO – The Wall Street Journal says Apple Inc. is taking steps towards launching its mobile payments service in Canada this fall.

The paper’s unidentified sources said Apple is looking at November for a potential Canadian launch of Apple Pay.

The paper said fees and security issues are sticking points but the banks are open to making a deal.

Apple Pay allows consumers to pay for items by holding up some models of its iPhone smartphone to a reader.

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