Tag: apple mobile payments

Apple Pay will put the electronics giant in direct competition with services like Google Wallet and PayPal.

Apple Inc. announced on September 9 that it would be introducing a mobile wallet service entitled Apple Pay to its new iPhone 6 mobile devices, which were also unveiled at the event last Tuesday, and the company revealed that its digital wallet is integrated with its fingerprint ID security system and Passbook credential-storage app.

Apple Pay lets iPhone 6 users pay for purchases in-store with their smartphone.

Users will also be able pay for purchases using the service online though apps. According to Apple, using its payment systems is more secure and convenient than using a debit or credit card. Since Apply Pay has been designed to fit in with Apple’s Passbook app, which already enables users to store merchant loyalty cards, store coupons and tickets, the service is fairly simple to use.

To utilize the mobile payments technology within physical stores, users merely need to wave their smartphone in front of a compatible terminal to pay with one of their credit cards stored on the app. The payment is sent to the terminal via near field communication, also known as NFC technology, which is made possible through a chip that has been embedded in the new phones.

Currently, tens of thousands of retailers across America will accept it. Some of these include well known companies such as Macy’s, Target, Whole Foods Market, Starbucks and McDonald’s. This will give iPhone 6 users the ability to buy just about any item with a simple wave of their smartphone.

In addition, Apple’s partnership with payments processing start-up Stripe will help small app developers to power their transactions using Apple Pay.

The Apple Pay mobile wallet could make mobile payments more popular.

Aside from retailers, Apple has teamed up with three major credit card companies, Visa, MasterCard and American Express. These deals may help Apple succeed in the mobile payments space where other companies have so far had no luck.

According to the CEO of Visa, Charles W. Scharf, “Lots of companies have tried this before, but our security and the Apple payment experience will be the two biggest drivers here.” If more Apple users begin to use their smartphones to make payments, this could push other companies with digital wallet services to make similar deals with credit card companies and retailers.

At the moment, many analysts believe that if there is any company that can persuade consumers on how valuable a mobile wallet can be, Apple is the one to do it.

Apple has unveiled its latest gadgets, which include new smartphones and a smartwatch.

The innovative electronics giant finally put rumors of it possibly announcing its very first smartwatch to rest on Tuesday, September 9 when it officially revealed its Apple Watch to an eager audience that filled the Flint Center in California and to millions of digital viewers around the world.

The new watch from Apple will be available in three styles.

There will be the standard Apple Watch, the 18k gold Watch Edition and the Watch Sport, which has been designed to be extra durable and light. The device will also have two different face sizes (1.5 inches and 1.65 inches). The two different sizes make Apple’s smartwatch unique from what is currently available on the market, as it allows consumers to choose a watch face that will be better suited to their wrist size.

In addition, consumers can choose from a variety of watch straps that differ in color and texture, which helps to make the watch even more customizable. However, beyond its aesthetic aspects and appeal, the wearable device features what the company calls a “digital crown”. This is a small dial on the side of the watch through which much of the interaction with the smartwatch occurs.

The digital crown enables the user to control certain functions on the screen so that they are not blocking their view of the display as they interact with the watch. For instance, users can use this feature to zoom in and out of a map.

Among other features, the watch also has fitness and health tracking capabilities.

In addition to the Apple Watch, the iPhone 6 and iPhone 6 Plus were unveiled.

The two new iPhones are larger (iPhone 6 has a 4.7 inch screen and iPhone 6 Plus has a 5.5 inch screen) and faster than Apple’s previous models and will have longer battery life. The camera has been improved, and users will be able to enjoy a horizontal view of the home screen. The iPhone 6 Plus screen resolution will be the sharpest of any iPhone previously released with 401 pixels per inch instead of 326.

Other features of the phones include the barometer, a new sensor that approximates not only how far a user has run or walked, but also how many stairs they’ve climbed. In addition, both phones will be equipped with Apple Pay, the company’s new mobile payments system.

The new iPhones are set to begin shipping in the U.S. on September 19. The starting price for the iPhone 6 is $199 (for 16 GB with a two year contract). Prices go up from there with the iPhone 6 Plus costing $100 extra on top of the iPhone 6 prices.

The Apple Watch is compatible with the new iPhones, as well as the iPhone 5, 5s and 5c. The starting price for the watch is $349.00 and will be made available for purchase in early 2015.