Apple Pay is iWallet and it is about to cause a revolution
Apple Pay is the long-awaited mobile payment system from Apple. The new iPhones will have NFC included to enable simple touch and pay. Security and privacy are guaranteed and there is no gathering of information by Apple. The retailer does not see your name, credit card and security details and each transaction is authorised with a unique on-time number. Initially, Apple Pay will work with the three major credit card companies, Visa, MasterCard and American Express.
Online purchasing will be made more secure with one-touch checkout, no card number entry and no sharing of credit card information with the retailer.
This is a revolutionary application and, potentially, of far greater importance than the new iPhones, the forthcoming wearable technology.