Apple Pay Release Date for iPhone 5: Exclusive Updates Here

Apple Pay Release Date for iPhone 5: Exclusive Updates Here
Apple is known to come up with amazing technology and now it seems that they plan to venture into the payment system, and innovate the entire process with Apple Pay. According to various report, this new technology is all set to be introduced this month, and possibly in the event scheduled on October, 16.
So what will this new technology be all about? How many Apple devices will be supported by it? For now only Apple iPhone 6 and 6 Plus are designed to work with applications and NFC chip to make transactions using the Touch ID system. Phones can be placed near physical devices at merchant shops to make the payment in single touch. Apple believes that this technology will soon replace the old wallet and help people make transactions swift, easy, hassle free, and most importantly safe.
As far as the release date for other Apple devices is concerned, iPhone 5 will have to wait for a few months before the developers work on certain things. Obviously, there is no NFC chip in those devices, and the company is not really sure if they can manage to make this system secure enough without that.
However, other possibility is to connect the iPhone 5 devices with Apple Watch, which will be released early in 2015. These new watches will features mart technology along with NFC chips that will allow the users of iPhone 5, 5S, and 5C to use Apple Pay conveniently from next year.
When compared to traditional payment technology like credit card, debit, card, bank transfers, mobile cash, and several other, Apple Pay will be more secure and easy to use. However, it is going to take some time before merchants and retailers install the necessary applications and hardware to accept the payments. The process will definitely change things for better, but people will have to wait for at least a couple of years before it becomes as popular as the plastic money. Apparently, Apple has already talked with giants like MasterCard, Visa, and American Express for facilitating the payments with the help of several other banks in the US.
Tags : Apple Pay Release Date for iPhone 5 Apple Pay Release Date Apple Pay PayPal Attacks Apple Pay iPhone 6 Apple Pay updates Apple Pay release Apple Pay update Apple Pay iPhone 5 Apple Pay iWatch Apple Pay system
Hot Trends
-
Dru Hammer Tells Her Story of Heartache and Faith via Her Debut Memoir "Hammered"
-
Celebrate Henry Blackaby’s 80th Birthday and the 25th Anniversary of "Experiencing God"
-
Darlene Zschech Shares in This Interview Her Struggles with Cancer
-
Sound Street Releases Joy-Filled Anthem, "Heaven In The House"
-
David A. Porter, Sr. Releases "Fabulous Great Day" Single Featuring Faith Maria Porter
-
Here Are the Lyrics to Transformation Worship's "Yahweh"
-
Carlos Santana Talks about How Christian Faith Saved Him After Seven Suicide Attempts
-
Hillsong Church Loses Another US Campus
-
Here Are Lyrics to Keith and Kristyn Getty's "How Great Is the Greatness of God"
-
Chris Tomlin Announced as Executive Producer for Upcoming Film "The Last Supper"
-
Tim Keller Offers a Free 40-Day Devotional Series for Lent
-
Death Therapy to Release "Voices" on April 12th
-
Steve French, Founding Member of Kingdom Heirs, Dies
-
Danny Lotz, Son-in-Law of Billy Graham & Husband of Anne Graham Lotz, Has Died
-
Here Are the Lyrics to Shane and Shane's "You've Already Won"
Most Popular
-
Dru Hammer Tells Her Story of Heartache and Faith via Her Debut Memoir "Hammered"
-
Celebrate Henry Blackaby’s 80th Birthday and the 25th Anniversary of "Experiencing God"
-
Darlene Zschech Shares in This Interview Her Struggles with Cancer
-
Sound Street Releases Joy-Filled Anthem, "Heaven In The House"
-
David A. Porter, Sr. Releases "Fabulous Great Day" Single Featuring Faith Maria Porter
-
Here Are the Lyrics to Transformation Worship's "Yahweh"
-
Carlos Santana Talks about How Christian Faith Saved Him After Seven Suicide Attempts
-
Hillsong Church Loses Another US Campus
-
Here Are Lyrics to Keith and Kristyn Getty's "How Great Is the Greatness of God"
-
Chris Tomlin Announced as Executive Producer for Upcoming Film "The Last Supper"
-
Tim Keller Offers a Free 40-Day Devotional Series for Lent
-
Death Therapy to Release "Voices" on April 12th
-
Steve French, Founding Member of Kingdom Heirs, Dies
-
Danny Lotz, Son-in-Law of Billy Graham & Husband of Anne Graham Lotz, Has Died
-
Here Are the Lyrics to Shane and Shane's "You've Already Won"