While yesterday’s Apple conference wasn’t as hyped up as last month’s iPhone 6/6 Plus announcement, we still got some pretty cool news from the tech brand. Apple Pay will launch this Monday, aka you’ll be able to use your smartphone as a wallet. But there are a few things you should know before getting all excited (or scared out of your mind) about this new feature.
What is it?
This is a mobile payment service that lets you buy things with your phone (and eventually the Apple Watch) instead of a credit card.
How does it work?
Apple Pay uses a near-field communication (NFC) chip, which is embedded in the iPhone 6 and 6 Plus, to send payments to a store’s special Apple reader. You wave the device near the reader to check out, then use the Touch ID fingerprint sensor to confirm the payment. If your transaction goes through, you’ll hear a buzz and a beep.
Is it safe?
According to Apple, card numbers are not saved on the reader device or shared with stores. A one-time payment number for purchase is created to use instead.
Who can use it?
You gotta have an iPhone 6 or 6 Plus (both have the NFC antenna) and update to iOS 8.1. Or you can just wait and get the Apple Watch in 2015 which will have the technology too. If that sounds like you, then you can add credit and debit cards to your Apple Pay by scanning them into iTunes.
Where can I use it?
More like where can’t you use it. Stores include: American Eagle, Anthropologie, Bloomingdale’s, Free People, Macy’s, McDonald’s, Nike, Office Depot, Sephora, Urban Outfitters, Walgreens and Whole Foods.
Check out the full list of stores here.
Which banks are in?
All the major palyers: Citi, Chase, Bank of America, Wells Fargo, American Express and Capital One.