At its iPad conference today, Apple announced that its new NFC-based mobile payment service, Apple Pay, would roll out on Monday, October 20. Apple says over 500 banks will support_the service. Apple first introduced Apple Pay during its iPhone and Apple Watch_event a little over a month ago. Supporting Mastercard, Visa, and American Express cards, the company hopes to make in-store cashless transactions easier and more secure. The process generates a one-time payment number, and the merchant never sees your credit card information. Of course,_Apple Pay isn’t the first payment system_to work with NFC-chips. Google Wallet has been around for...
This story continues at The Next Web
The post Apple Pay set to launch on Monday October 20th appeared first on The Next Web.



-->