Connect with us

Hi, what are you looking for?

iPhone Apps

Apple Pay Will Debut October 20th

Apple Pay on iPhone 6

New Service Aims to Transform Mobile Payments Industry

Apple today announced that customers can start making payments with the touch of a finger on Monday, October 20, when Apple Pay becomes available in the US. Apple Pay offers an easy, secure and private way to pay using Touch ID on iPhone 6 and iPhone 6 Plus in stores and within apps. Users of the just-announced iPad Air 2 and iPad mini 3 will be able to use Touch ID on their devices for Apple Pay within apps. The new service will be enabled by a free software update to iOS 8.

Apple Pay is designed to protect the user’s personal information. It doesn’t collect any transaction information that can be tied back to a user and payment transactions are between the user, the merchant and the user’s bank. Apple doesn’t collect your purchase history, so when you are shopping in a store or restaurant we don’t know what you bought, where you bought it or how much you paid for it. Actual card numbers are not stored on the device, instead, a unique Device Account Number is created, encrypted and stored in the Secure Element of the device. The Device Account Number in the Secure Element is walled off from iOS and not backed up to iCloud.

Apple Pay supports credit and debit cards from the three major payment networks, American Express, MasterCard and Visa, issued by the top US banks. In addition to American Express, Bank of America, Capital One Bank, Chase, Citi, Wells Fargo and others, who announced support in September, more than 500 new banks from across the country have signed on to Apple Pay. Users can make purchases in stores and within apps, with credit cards issued by many of the leading banks nationwide, which make up 83 percent of the credit card purchase volume in the US.

Checkout is simple and can happen with a single touch—there’s no need to manually fill out lengthy account forms or repeatedly type in shipping and billing information. Your actual card number is kept private and not shared with the online merchant. Online shopping within apps allows users to pay for physical goods and services including apparel, electronics, health and beauty products, tickets and more.

Availability
Apple Pay will be available in the US starting Monday, October 20, 2014 with iOS 8.1.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

New Products

Headphone Amps

Priced at $1495, Mytek's reference THX headphone amp is for both musically passionate headphone enthusiasts and pro audio sound engineers.

New Products

KEF's 1000-watt powered subwoofer uses new force-canceling Uni-Core technology to achieve deep and loud bass from a minimal footprint.

In-Wall Speakers

Focal's top-of-the-line 1000 Series in-wall / in-ceiling speakers and subwoofer raise the bar on architectural speaker performance.

HDTV 4K & 8K TV

Panasonic announces flagship OLED 4K TV for 2021, aiming to outclass the best LG and Sony have to offer in both picture and sound...

Floorstanding Speakers

JBL is commemorating its 75th Anniversary with the launch of the L100 Classic 75 loudspeakers. Only 750 pairs will be made, priced at $5,500/pair.

Integrated Amps & Stereo Receivers

A $3000 Integrated Amp that looks like it's from the 70s with modern conveniences such as Bluetooth, Chromecast and Airplay 2.

You May Also Like

News

ecoustics welcomes our newest contributors, Lauren Halliday (@record_lady) and Jeremy Sikora (@budget_audiophiler) with over 27,000 combined Instagram followers.

Headphones

Sony's 360 Reality Audio positions sound in a spherical space to evoke feelings of being in a music studio or live concert venue. It...

News

(January 12, 2021) Enjoy the Music.com and ecoustics are thrilled to announce our new content sharing partnership, expanding the reach of both online publications to a wider...

News

Live music vanished in mid-March 2020 during the first wave of the COVID-19 pandemic and there is still very little consensus on when it...

Advertisement

ecoustics is the unbiased resource for the latest technology news, coolest gadgets, and best consumer electronics. Plus get product reviews, roundups and deals from all over the web on everything electronic. Read more



Copyright © 1999-2021 ecoustics | Disclaimer: ecoustics may earn a commission when you buy through links on our site.