Apple’s newest payment method to cause wallets to slim down

 

Restaurant doors fling open. Everyone looks up by the noise. Walking into the line, the man pulls out his iPhone and sits down casually. Soon he walks up to cash register picking up his food. He reaches into his pocket pulls out his phone, taps it on the cash register and calmly leaves. The whole restaurant stares blankly unknowing that he just used Apple’s new way to pay.

Apples newest payment method “Apple Pay” is set to launch sometime in October. Unlike many other Apple products including the Apple watch, iPhone 6 and iPhone 6 plus are already on sale.

Apple Pay was created to be a strong rival for other electronic payment methods. Some of the more well known include PayPal and Google Wallet.

Apple has made deals with major credit companies such as Visa, MasterCard, American Express, as well as many others to support its new mobile payment service.

According to the Apple website, “Apple Pay was designed to change the way people pay to a more secure and simple way”

Working alongside with the Apple Pay feature is another one of the iPhone’s functions. The touch ID fingerprint sensor. This allows users to make payments in one single motion without having to type in long passwords.

Currently over 220,000 locations accept the use of Apple Pay at cash registers. Some of those include Walt Disney World, Nike, and McDonalds. Apple Pay can also be used with app purchases. These apps (Target, Starbucks, and Uber as well as many more) will only accept payments upon scanning the iPhone’s owner’s fingerprint.

Near Field Connection (NFC) has been around for nearly a decade now and is now being used in Apple Pay.     NFC works by sending out information (such as photos) through short ranged radio waves, similar to Bluetooth. According to Forbes website Apple pay is expected to make a big impact on smartphone buyers.