All That You Need to Know About Apple Pay Service (Video)

The launch of the iPhone 6 was a huge success, although one factor seemed a bit strange. The iPhone 6 and 6 Plus come with an NFC chip but this chip only works in function with the Apple Pay

pple CEO Tim Cook discusses the new Apple Pay product during an event at Apple headquarters in Cupertino, Calif. on Thursday, Oct. 16, 2014. AP Photo/Marcio Jose Sanchez

The launch of the iPhone 6 was a huge success, although one factor seemed a bit strange. The iPhone 6 and 6 Plus come with an NFC chip but this chip only works in function with the Apple Pay, which had yet to be given a proper launch date. Yesterday’s announcement included a bunch of new information to answer all of the lingering questions about this new system.

 

How It Works

Apple Pay is a new section integrated into the Passbook which already holds airline boarding passes, movie tickets, and gift cards. The Pay section is devoted to credit and debit cards so you can pay for things without pulling out your wallet. You can choose to simply take a picture of your card and it will capture the relevant information or you can type it in manually.

You can hold multiple cards in the Passbook and switch between them with just a small swipe for either in person or online transactions.

Phil Schiller, Apple's senior vice president of worldwide product marketing, discuss the features of the new Apple iPad Air 2 and Apple Pay during an event at Apple headquarters in Cupertino, Calif. on Thursday, Oct. 16, 2014. AP Photo/Marcio Jose Sanchez