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?
- In stores with contactless payment terminals
- In apps
- From July 2015 – on Transport for London (Tfl) – tube, buses, overground etc
Locations
- US initially
- UK from July 2015
- Others later
More Info
https://www.apple.com/apple-pay/