Apple Pay brings NFC tap-and-pay to the new iPhone 6 and iPhone 6 Plus

iMore.com

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Nov 15, 2013
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Apple has a new vision, and that is to replace your wallet with Apple Pay. With $12 billion spent via a plastic card every day in the US, they plan to begin with payment methods and using NFC, you'll be able to tap-to-pay using your new iPhone. This means we no longer will have to rely on the "vulnerable" magnetic stripe used on most credit and debit cards today.

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