iLoungeiLounge
    Facebook Twitter Instagram YouTube LinkedIn RSS
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms Of Use
    Facebook Twitter Instagram YouTube LinkedIn RSS
    iLoungeiLounge
    • News
      • Apple
        • AirPlay
        • iCloud
        • iTunes
        • HealthKit
        • HomeKit
        • HomePod
        • iOS 13
        • Apple Pay
        • Apple TV
        • Siri
      • AirPods Pro
      • Apps
        • Apple Music
      • Rumors
      • Humor
      • Technology
        • CES
      • Articles
      • Web Stories
    • iPhone
      • iPhone Accessories
    • iPad
    • iPod
      • iPod Accessories
    • Apple Watch
      • Apple Watch Accessories
    • Mac
      • MacBook Air
      • MacBook Pro
    • Reviews
      • App Reviews
    • How-to
      • Ask iLounge
    • Daily Deals
    iLoungeiLounge

    Apple unveils Apple Pay mobile payment system

    By Phil DzikiyMay 19, 2021 10:25 pm UTC

    Apple unveils Apple Pay mobile payment system

    Apple has formally introduced its own mobile payment system, Apple Pay (also styled Pay). CEO Tim Cook described the “outdated and vulnerable magnetic stripe interface” on credit cards before introducing the system. A short demo was shown — twice — illustrating the ease and quickness of the payment process.

    Apple Pay uses NFC, Touch ID, and the new Secure Element chip to process transactions at compatible credit card terminals in certain retailers. The system uses a one-time payment number and a dynamic security code. Payments can also be suspended using Find My iPhone if your iPhone gets lost. The system uses one-touch checkout, with no need to enter card numbers, type addresses, or share information with a retailer. Apple does not receive your purchase information when the system is used.

    The system will launch with the support of American Express, MasterCard, and Visa, in addition to a number of large banks. Many large retailers will use Apple Pay at launch. It will only be compatible with the iPhone 6 and iPhone 6 Plus to start, and it’s coming in October.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Phil Dzikiy
    Phil Dzikiy
    • Twitter

    Phil Dzikiy was the Editor-in-Cheif at iLounge. He mostly edited and oversaw all site editorial content, managed staff and freelancers, made the final call on product review grades and awards, and led online coverage of all Apple events and live coverage of the International CES in 2015.

    Latest News
    Provide Rugged Armor Protection to Your AirPods Pro For Only $13
    Adobe adds generative AI to Adobe Express
    New changes for Maps, Podcasts, and Music to arrive in fall
    Apple disapproved nearly a million Apps due to privacy violations
    The Apple Watch SE 2 Just Got Even More Affordable
    Apple updates App Store Review Guideline
    iOS 17 developer beta released early
    Apple adds a free tier for its developer program

    iLounge logo

    iLounge is an independent resource for all things iPod, iPhone, iPad, and beyond. iPod, iPhone, iPad, iTunes, Apple TV, and the Apple logo are trademarks of Apple Inc.

    Contact Us: [email protected]

    Tel: +1302-208-9669

    iLounge, 2810 North Church Street, Wilmington, Delaware, 19802, United States.

    • Contact Us
    • Submit News
    • About Us
    • Forums
    • Privacy Policy
    • Terms Of Use
    This website is not affiliated with Apple Inc.
    iLounge © 2001 - 2023. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.