Mobile Payments: Apple Pay

Mobile Payments: Apple Pay

Apple Pay – Overview

Apple bills Apple Pay as “Your wallet. Without the wallet.” and it allows you to make payments both in stores and in apps. It uses a combination of Near Field Communication (NFC), Touch ID and the Passbook app to enable the payments to be made securely.

Apple Pay – Technology

  • Uses Contactless payment technology
  • Unique security features
  • Uses tokenization
  • Near Field Communication (NFC)
  • Touch ID
  • Cards setup in Passbook app – debit cards and credit cards

Apple Pay – Devices

  • iPhone with Touch ID – iPhone 6, iPhone 6 Plus
  • iPad with Touch ID – iPad Air 2, iPad Mini 3
  • Apple Watch

Where can it be used?

Locations

  • US initially
  • UK from July 2015
  • Others later

More Info

https://www.apple.com/apple-pay/