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
-
Michael Tait Accused of Watching Woman Raped During Newsboys Tour
-
Newsboys Dropped From Label Amid Michael Tait Scandal
-
CCM Artists Call for Reform Amid Allegations Against Michael Tait: “Secrecy Always Destroys”
-
TobyMac Accused of Dabbling with Satanic Occult
-
Cory Asbury Speaks Out: "Everyone Knew" About Michael Tait Allegations
-
Christian Author Lysa Terkeurst Divorcing Husband After 'Worst Kind of Betrayal'
-
NEEDTOBREATHE’s Bear Rinehart Responds to Brother’s Allegations, Reveals Shared Childhood Trauma
-
Former Mutemath Drummer Darren King Identifies Himself as a Victim of Michael Tait’s Alleged Misconduct
-
Michael Tait Faces Additional Allegations from 6 More Men, Including Two Minors
-
Kevin Max Explains Audio Adrenaline Departure in Open Letter (Read Here)
-
NEEDTOBREATHE Frontman Bear Rinehart Accused by Younger Brother Bo of Sexual Abuse
-
Lysa TerKeurst’s 22-Yr-Old Daughter Breaks Silence About Her Dad’s Affair
-
Steven Curtis Chapman, Michael Tait, Ashley Smith & Others to Appear at 2015 K-LOVE Fan Awards
-
Newsboys' Michael Tait Joins Capital Chuch for their 37th Annual Easter Sunrise Service at the Lincoln Memorial
-
Third Day “Lead Us Back: Songs of Worship” Album Review
Most Popular
-
Michael Tait Accused of Watching Woman Raped During Newsboys Tour
-
Newsboys Dropped From Label Amid Michael Tait Scandal
-
CCM Artists Call for Reform Amid Allegations Against Michael Tait: “Secrecy Always Destroys”
-
TobyMac Accused of Dabbling with Satanic Occult
-
Cory Asbury Speaks Out: "Everyone Knew" About Michael Tait Allegations
-
Christian Author Lysa Terkeurst Divorcing Husband After 'Worst Kind of Betrayal'
-
NEEDTOBREATHE’s Bear Rinehart Responds to Brother’s Allegations, Reveals Shared Childhood Trauma
-
Former Mutemath Drummer Darren King Identifies Himself as a Victim of Michael Tait’s Alleged Misconduct
-
Michael Tait Faces Additional Allegations from 6 More Men, Including Two Minors
-
Kevin Max Explains Audio Adrenaline Departure in Open Letter (Read Here)
-
NEEDTOBREATHE Frontman Bear Rinehart Accused by Younger Brother Bo of Sexual Abuse
-
Lysa TerKeurst’s 22-Yr-Old Daughter Breaks Silence About Her Dad’s Affair
-
Steven Curtis Chapman, Michael Tait, Ashley Smith & Others to Appear at 2015 K-LOVE Fan Awards
-
Newsboys' Michael Tait Joins Capital Chuch for their 37th Annual Easter Sunrise Service at the Lincoln Memorial
-
Third Day “Lead Us Back: Songs of Worship” Album Review