Apple gets into bed with AmEx and Visa on mobile payments service

PAYPHONE?: Will the next generation of iPhone come with new payment features?

New reports claim that a new virtual wallet is almost certainly going to be one of the iPhone's biggest new features.

According to Re/Code, "Apple has reached an agreement with American Express to work together on its new iPhone payments system" and the new feature will enable owners to make digital payments in physical stores without a credit or debit card.