Announces Mobile Payments Solution Called Apple Pay

[Centrics]

Confirming rumors and leaks, Apple announced this morning that the new iPhone 6 devices will support mobile payments. The feature, which also uses Apple’s Touch ID, will take advantage of NFC technology. That means users will be able to pay for goods and others services in the real world using the payment information already associated with their iTunes accounts. That, in fact, is… Read More

TechCrunch

[NewsCopy]

At its media event today, Apple has announced ApplePay, a new NFC_payment system for its_iPhone 6 and iPhone 6 Plus_smartphones. The service uses TouchID fingerprint recognition to authenticate payments. Apple Pay will launch in the_US first in October with support for Mastercard, Visa, and American Express cards. When you add a credit card, the payment information is saved to the iPhone 6’s new Secure Element chip. Purchases_will generate a one-time payment number. Retailers that have signed on to support Apple Pay include Macy’s, Walgreens, Staples, Subway, McDonald’s, Whole Foods and the Disney Store. For online purchases, Apple Pay will enable...
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