The rumours of Apple’s plans to come up with a wireless mobile payment system were true, and it’s built into every iPhone 6 and iPhone 6 Plus, the company has announced. Is this finally the end of the CREDIT CARD
? It might be the end of the bit of plastic in your wallet, at any rate.
? It might be the end of the bit of plastic in your wallet, at any rate.
Apple Pay combines the smarts of the iPhone’s iSight camera with Touch ID and NFC (near field communication) to let you pay simply by holding your iPhone near a merchant point. You simply scan your supported CREDIT CARD in when you set it up: it recognises your fingerprint when you try to buy, so nobody else can use it instead.
in when you set it up: it recognises your fingerprint when you try to buy, so nobody else can use it instead.
From the demo Apple showed on stage at its press conference today, Apple Pay does not appear much faster than using a wireless CREDIT or debit card for small purchases, but it is however much more secure. It’s tied to your phone, which is locked behind a PIN, requires your fingerprint, and even generates a unique security code for every transaction instead of the one printed on the back of your card.
or debit card for small purchases, but it is however much more secure. It’s tied to your phone, which is locked behind a PIN, requires your fingerprint, and even generates a unique security code for every transaction instead of the one printed on the back of your card.
In the US, Apple Pay will launch in October with AMERICAN EXPRESS, Visa and MASTERCARD cards, while big retailers including McDonalds and Disney as well as apps like GroupOn and Uber will support the new initiative. Unfortunately, there’s no set UK date yet but the company says it’s working on it – we can’t wait.
, Visa and MASTERCARD cards, while big retailers including McDonalds and Disney as well as apps like GroupOn and Uber will support the new initiative. Unfortunately, there’s no set UK date yet but the company says it’s working on it – we can’t wait.
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