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Market Chatter: Apple's Head of Pay and Wallet Services to Retire

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Apple's (AAPL) head of Pay and Wallet services, Jennifer Bailey, is retiring after more than 20 years at the company, Bloomberg reported Tuesday, citing a staff memo.

The company will outline a succession plan before Bailey's departure at the end of October, the report said.

Apple didn't immediately reply to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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