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Apple Pay would be available in 220,000 US merchant locations that already take mobile payments via the NFC’s short range, secure wireless capabilities.Apple CEO Tim Cook said during the September 9, 2014 presentation that Apple’s vision is to replace a wallet, and more specifically to replace antiquated, plastic credit cards.with consumers spending more than billion every day between credit cards and debit cards....
Following an already emerging trend in the payments industry, Apple was using what’s known as tokenization technology to add another level of security to the transaction.Instead of many complicated steps, this was a fast way to get yourself and your transaction authenticated.[37] Apple made it clear they wanted to turn your iPhone 6 and Apple Watch into a virtual wallet that could eventually replace the old plastic card sitting in your real wallet....
The NFC-oriented ApplePay, and SamsungPay, and AndroidPay are a contactless payment technology that pulls your credit cards, debit cards, and other sensitive payment data from the Wallet app, enabling you to use the phone in lieu of a wallet or purse when shopping.Apple also announced that day that it was partnering with Visa, Mastercard, and American Express along with several of the larger card issuing banks to allow iPhone users to store their credit card accounts.Apple also announced that day that it was partnering with Visa, Mastercard, and American Express along with several of the larger card issuing banks to allow iPhone users to store their credit card accounts....
[39] Disney was expected to have all of its retail locations outfitted with Apple Pay by Christmas of ‘14.[41] ApplePay became widespread in the US in 2015, and lightspeed vpn downloadin the UK, Canada, and Australia as of early 2016, with plans to expand its use worldwide.[38] Apple’s new Apple Watch would also be elightspeed vpn downloadquipped with NFC, which would enable older generations of the iPhone, specifically the iPhone 5, iPhone 5s and iPhone 5c to work with Apple Pay....
After years of speculation, the company was finally including the short-range wireless technology known as near field communications or NFC into its latest smartphone, the iPhone 6 and the bigger iPhone 6 Plus.The efforts and drive toward two-factor authentication using tokenization for card and phone security quickly gave way to biometric tools, such a voice recognition and fingerprint scanners built into smartphones.These systems allow people to store debit and credit cards in a delightspeed vpn download facto electronic wallet, with no need for memorizing pin codes or passwords....
