Tech IRL: Mobile transactions and Apple Pay

Eliza Mills May 14, 2015
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Tech IRL: Mobile transactions and Apple Pay

Eliza Mills May 14, 2015
HTML EMBED:
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Weeks after the release of the Apple Watch and months after the introduction of the iPhone 6, 6 Plus and Apple Pay, more store and banks are signing on to offer mobile payments though Apple’s service. 

Mastercard, Visa and American Express already support Apple Pay, and Discover will soon join the club. And the list of banks and retailers who accept Apple’s mobile payments is growing: You can use Apple Pay at McDonald’s or Whole Foods, in Coca-Cola vending machines and at the JetBlue terminal in New York, San Francisco and Los Angeles airports. 

Apple Pay has been touted as being more secure and more convenient than swiping a credit card, but has faced some questions about security when the onus is on banks to verify accounts. It’s also had issues with acceptance in stores that are pushing their own mobile retail services, like CVS, Walmart, and until recently, Best Buy. 

As more U.S. businesses make the move toward mobile payments and Apple Pay, the service is looking for even more reach: integration into Las Vegas businesses and a move to China. 

To hear more about Apple Pay and where it’s headed, tune in using the player above. 

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