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Apple Pay aims to replace your wallet with an iPhone

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Apple’s event in Cupertino on Tuesday wasn’t all about iPhones (http://www.macworld.com/article/2604684/apple-introduces-iphone-6-and-iphone-6-plus.html). CEO Tim Cook also took the stage to launch the company’s new wallet-killer technology, Apple Pay.</p><p>
It's a new payment system that works using NFC (near-field communication technology), so all you have to do is hold your phone to a sensor at the cash register, then use TouchID to complete the purchase. Apple Pay will be exclusive to the iPhone 6 and 6 Plus, because the new phones are equipped with the requisite NFC radio antenna.</p><p>
Apple is also opening an Apple Pay API to developers in iOS 8, and will officially launch its wallet replacement as an update to the new OS next month.</p><p class="jumpTag"><a href="/article/2604353/applepay-aims-to-replace-your-wallet-with-an-iphone.html#jump">To read this article in full or to leave a comment, please click here[/url]</p></section></article>

Source: Apple Pay aims to replace your wallet with an iPhone (http://www.macworld.com/article/2604353/applepay-aims-to-replace-your-wallet-with-an-iphone.html#tk.rss_all)