The company's new phones, the iPhone 6 and the iPhone 6 Plus, are already pre-loaded with Apple Pay. Apple is positioning its mobile payment system as a secure alternative to the usual credit card system and similar payment systems. Indeed, the fact that Apple Pay generates one-time only payment numbers for purchase transactions sounds like a rather safe method as opposed to transmitting credit card numbers, which can be hacked.
With Apple Pay, the authorization of payment transactions is made more personal. Apple's mobile payment system does this through a combination of its Touch ID reader and a near field communications (NFC) chip in the new iPhones. The Touch ID technology lets users validate transactions with their own fingerprints, while the NFC chip is used to to securely send payments to a store's reader. One great advantage of Apple Pay is that the credit card numbers are not saved by iPhone nor shared with the store.
Users should be able to experience for themselves how to use Apple Pay in real-time transactions. Which now begs the question: which stores can you actually use Apple Pay?
As of now, the number of stores that are supporting Apple Pay is still limited, but that should not stop users from trying to use the mobile payment system for the first time this coming Monday. Here is an initial list in alphabetical order:
American Eagle Outfitters
Babies 'R' Us
Walt Disney World Resort
Toys 'R' Us
Whole Foods Market
More stores are certain to join the list in the coming months. Meanwhile, users can take advantage of the following apps for stores and services that support Apple Pay:
For the record, these are the credit and debit cards that you can use together with Apple Pay:
Bank of America
Since Apple Pay is a new payment system, users are still advised to take caution when using it. Like all things new, some people will attempt to take advantage of the system's unfamiliarity in hoodwinking unsuspecting users.
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