Apple's new contact less payment method.

[Rafy]

 

For years, Apple has resisted including NFC connectivity inside its iPhone handsets... until now. With the arrival of the new iPhones, the folks in Cupertino are finally including the option that will sort mobile payments. What's more, it's doing so with a payment process it built for use on its handsets: Apple Pay. The new feature is built into both the iPhone 6 and iPhone 6 Plus and uses NFC, Touch ID and a Secure Element chip to keep that precious info under lock and key. So how does it work? Well, you add a card to your iTunes account which then adds it to Passport. From there, you can suspend payments right from the phone if your card gets lost or stolen without the need to make a phone call.  In terms of security, Apple doesn't know what you're buying, and cashiers won't even see your name. Instead, a one-time payment number and a dynamic security code complete the transactionsAt launch, American Express, Mastercard and Visa are all on board with a load of banks opting in to Pay as well. As far as retail is concerned, Apple Stores, Bloomingdale's, Macy's, Walgreens, Subway, McDonald's, Whole Foods and many more will allow you to pay for goods with that newfangled iPhone. For shopping on the web, there's a one-touch feature that replaces the need to manually enter a card number, shipping address and other into. Once again, no credit card info is shared with merchants. Apple Pay is set to arrive in October via a free update to iOS 8

 

It basically works like Paypal but through NFC. Who would want to use this after the whole iCloud fiasco though? I understand that it was not Apple's fault that the people that got their stuff leaked had weak passwords but still, a breach is a breach.

 

Source: http://www.engadget.com/2014/09/09/apple-pay-nfc/

[Deletive]

Can we wait for the event to end before we post so much news?

There are just too many topics/threads now.

[kuddlesworth9419]

If it's as secure as the iCloud I want no part of it.

[Nineshadow]

If it's as secure as the iCloud I want no part of it.

Now you can leak your bank account details!

Wooo.

[scaryjam823]

Now you can leak your bank account details!

Wooo.

Can I include my ssn or do I need to pay extra to give it away?

[kuddlesworth9419]

Now you can leak your bank account details!

Wooo.

These devices do sound very interesting though but because of the few problems I have with it there is no point in buying into a smartphone of any kind at this moment in time. When I get a PC like portable device that I can use as a phone I will be happy. Something similar to ......... but with an extendable keyboard/ attachment. Around 7"'s I think.

[Mooshi]

Oh boy, more sensitive info trusted to Apple for brute force cracking.

[Rekx]

I really liked Apple watch and Apple Pay. Properly the best things in the keynote. If they will get Apple Pay to work in denmark i would love it. 

[MonkeyFace]

Meh, NFC payment methods, or NFC in general, hasn't caught on in the U.S. so nothing to worry about...at least for little while.

 

Great for Japanese consumers though.