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Apple announced Monday at its Worldwide Developers Conference that its new mobile operating system, iOS 11, will allow users to make person-to-person payments directly through the instant messaging feature on their iPhones, iPads and Apple Watches. 

The move puts Apple head-to-head against big P2P players such as Venmo, Dwolla, Square and Early Warning’s Zelle network, which is a P2P platform owned by Bank of America, BB&T, Capital One, JPMorgan Chase, PNC Bank, U.S. Bank and Wells Fargo. Apple said it plans to roll out iOS 11 this fall. 

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Tina Orem

 

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