Apple Pay Roundup: Everything We Know, Coming in October - Mac Rumors

Apple Pay is Apple's new mobile payments service, which it first debuted in September alongside the iPhone 6, the iPhone 6 Plus, and the Apple Watch. Apple Pay is expected to become widely available to consumers beginning in October, and ahead of its official release, we've gathered everything that's currently known about the service into a roundup so users can get an idea of what to expect.

With Apple Pay, iPhone 6 and 6 Plus owners will be able to make payments for goods and services with their iPhones, both in stores and within participating apps, using the NFC chip built into the devices. While Apple Pay will initially be restricted to iPhone 6 and 6 Plus owners, iPhone 5, 5c, and 5s users will also be able to take advantage of the service if they purchase an Apple Watch after it is released.

Apple has described Apple Pay as the most secure payment solution available, as it uses Device Account Numbers rather than storing credit card numbers and keeps all payment information in a dedicated chip on the iPhone, called the Secure Element.

All payments are verified using Touch ID, which prevents someone who has stolen a device to make unauthorized purchases. Furthermore, if an iPhone 6 or 6 Plus is stolen, its ability to make payments can be disabled through Find My iPhone.

Apple has said that Apple Pay will be available beginning in October, enabled through an upcoming update to iOS 8.

The Apple Pay roundup, like all of our other roundups is accessible through a dedicated index page that shows a full list of all available roundups ordered by most recent update. The roundup is also accessible directly through the "Roundups" tab in the top navigation bar on all MacRumors pages.

Related roundup: Apple Pay

If you're re-upping your contract, the phone is just $199.

keep telling yourself that.

Can England haz it plz

Tried you use my Walgreens passbook card and the cashier said the scanning system was down. But I looked down and saw a brand new nfc device scanner and remember that Walgreens was listed by Apple as an initial client. I told her about Apple Pay, which she had no clue about, and how it would start next month. She asked if I worked for Walgreens and I told her "I'm just in the know...about such things."

Hopefully all the kinks will be worked out and it'll be available in Canada by the time the 6S is released.

Hmm. Won't there be any sort of branding? How will we know if it takes Apple Pay?

Any NFC payment terminal will take Apple Pay.

Normally, the terminal identifies your debit card or credit card.

With Apple Pay, your iPhone creates a virtual credit card. The NFC terminal doesn't realise it's not a real card. It send the data about the credit card for example to Visa, Visa has worked with Apple and figures out that this is an Apple Pay virtual credit card and accepts it, so the NFC terminal accepts your card.

The NFC terminal has no idea what was going on. It only knows that it was given details of a card (it doesn't know it was a virtual card) and that Visa accepted the card.

The nice thing is that this virtual credit card will be used only _once_ for that one payment. So if you have a company losing 56 million credit card numbers to hackers, the hackers don't have your card number. They have a virtual card number that was accepted for that one payment, and won't be accepted for any other payment ever again.

And presumably Apple Pay, Google Wallet, ISIS (no, not those *******s who behead people) and all other NFC based systems follow the same standard and send essentially the same data (albeit encrypted with different keys, no not bit for bit identical) to the card reader, so how is Apple Pay any more secure than the others?

With Apple Pay, _nobody_ will ever see your credit card number. That includes Apple. Your credit card number cannot be stolen because nobody ever has it. That's different with Google Wallet. And Apple Pay requires a secure chip in the iPhone that does all the work, and that chip is not hackable.

As cool as this sounds, I don't understand how this is going to gain traction if it's limited to people with the latest iPhone or Apple Watch.

Tried you use my Walgreens passbook card and the cashier said the scanning system was down. But I looked down and saw a brand new nfc device scanner and remember that Walgreens was listed by Apple as an initial client. I told her about Apple Pay, which she had no clue about, and how it would start next month. She asked if I worked for Walgreens and I told her "I'm just in the know...about such things."

I've used Google Wallet at Walgreens. Our stores have had those newer style machines for a few months now.

Nope, the 5S doesn't have NFC so you need a 6 or the watch, which do have NFC

Why would you need NFC for an online purchase?

Come on Apple, if you can get the grocery store chains and gas stations on board with this, it will become the standard! I have this fear that Walmart will win with their standard, sigh.

WalMart's scheme seems to want either

1. pre-loaded cash, or

2. debit from my bank account

NO credit cards.

Given what has been going on at Target and Home Depot, why on earth would I want to allow WalMart access to my bank account ??

Anyone else out there feel the same way ??

Come on Apple, if you can get the grocery store chains and gas stations on board with this, it will become the standard! I have this fear that Walmart will win with their standard, sigh.

Not so fast, at the Walmart I used to work at, and at the Walmart near my house, they have Verifone Mx915 with NFC enabled.

MCX (Walmart, Best Buy's etc standard) will fall like bricks in a tornado, because it just draws money from your checking account, bypassing any rewards programs, etc that your CC provider may provide.

via apple - Google News http://ift.tt/1rrDsa1