Apple launches its new mobile one-touch payment system – Apple Pay.
The Apple September 9 event yesterday morning saw the launch of the new iPhone 6, iPhone 6 Plus and the Apple Watch. In the software development sector, Apple introduced the new mobile payment system that it likes to call Apple Pay. Apple has partnered with the biggest credit card issuing companies – American Express, Visa and MasterCard – to make Apple Pay possible.
The new mobile payment service allows customers to pay for goods and services with their phones instead of presenting the cashier with their credit card. Apple has teamed up with big retailers like Target and Macy’s along with food chains like Subway and McDonalds to facilitate payments at these places with the Apple Pay software.
When you buy an iPhone 6 or iPhone 6 Plus, you need to take a picture of your credit card using your iPhone. The Apple Pay software reads the card entirely and then conducts checks with your bank to make sure the user is verified. Once this process is done, all you need is your fingertips and your iPhone to make payments.
Next time you enter a store, all you need to do is flash your iPhone at a machine. The Apple Pay is secure since it uses a one-time payment number and a dynamic code that is different for every transaction, so none of your personal information can be accessed by Apple. The mobile payment system makes use of the NFC capability in the iPhone 6/Plus and the Apple Watch to make payments.