At its media event today, Apple has announced ApplePay, a new NFC payment system for its iPhone 6 and iPhone 6 Plus smartphones. The service uses TouchID fingerprint recognition to authenticate the payment.
Apple Pay will launch in the US first with support for Mastercard, Visa, and American Express.
When you add a credit card, the payment information is saved to the iPhone 6’s new Secure Element chip. Making a payment issues a one-time number.