Apple Unveils 'Apple Pay' Mobile Wallet In Addition To Payment System
Apple unveiled a novel mobile wallet on Tuesday aimed at allowing consumers to purpose iPhones linked to credit cards for to a greater extent than secure, convenient payments.
Apple main Tim Cook said the Apple Pay organization would supervene upon an "antiquated payment process" alongside "an alone novel payment system" that allows consumers to acquit upon their phones to retail terminals.
The novel payment organization volition last built into the novel iPhones in addition to Apple's operating organization which were likewise unveiled Thursday.
(Also see: Apple Launches iPhone 6, iPhone vi Plus)
Cook said that each twenty-four hr menses inward the U.S.A. lone "that's 200 1 grand one thousand times that nosotros scramble through our credit cards in addition to instruct through what is a fairly antiquated payment process."
(In comparison: iPhone vi Plus versus iPhone vi versus iPhone 5s versus iPhone 5c)
He said other efforts accept failed because the companies introducing mobile wallets were working on the footing of "their self-interest" instead of the user experience.
Cook showed a video of a consumer tapping a outcry on a payment terminal, commenting, "it's in addition to hence cool."
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