Apple Pay Overview Updated August 23, 2016

Apple Pay

Apple Pay is Apple’s mobile payments solution that allows users to seamlessly use their phone to pay for purchases both in retail stores and in apps. The service was first introduced in 2014 and has been expanding to additional countries ever since then.

Currently, Apple Pay is available in Australia, Canada, Mainland China, Singapore, the United Kingdom, and the United States. Apple announced at its Worldwide Developer Conference that the service will be coming to Switzerland, France, and Hong Kong soon.

Apple Pay works in retail stores by simply holding your iPhone over a compatible checkout terminal and authenticating the purchase via Touch ID. Apple Pay is compatible with the iPhone 6, iPhone 6 Plus, iPhone 6s, iPhone 6s Plus, iPhone SE, and Apple Watch.

In apps, Apple Pay works by pulling in your card information and seamlessly allowing you to checkout using that card information. This prevents you from having to manually enter your card information every time you want to make a purchase. In addition to working with all of the iPhone models previously mentioned, Apple Pay in apps also works on the iPad Pro, iPad Air 2, iPad mini 3, and iPad mini 4.

In addition to working with debit and credit cards, Apple Pay also works with rewards cards and store cards. This means that you can add something like your Starbucks card, Walgreens Balance Rewards card, and more to the Wallet app to easily keep track of everything.

Apple Pay will also be supported on the Mac and on the web when iOS 10 and macOS Sierra launch to the public fall. You will soon be able to pull card information from Apple Pay and authenticate it on your Mac via Touch ID on your iPhone.

To set up Apple Pay on an iPhone, open the Wallet app on iOS 9 and tap the plus (+) icon in the top right corner to begin, then follow the prompts. To add a debit card to the Apple Watch, go to the Apple Watch app on iPhone and look for the Wallet & Apple Pay section, then Add Credit or Debit Card section.

Apple Pay is the dominant mobile payments solution, even forcing its biggest potential competitor to shutdown, and as the service continues to expand, it will only get better. View the full list of retailers and banks that support the service on Apple’s website

325 Apple Pay stories

April 2013 - August 2016

Apple pay Stories August 23

AAPL: 108.85

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Much has been written about the convenience of Apple Pay, especially on an Apple Watch. Instead of reaching into your pocket or bag for your wallet, and extracting the card you want to use, you can simply double-click the side button on the Watch and hold out your wrist.

But there’s one aspect of Apple Pay that I’ve always felt fails to get the full attention it deserves: the fact that it never hands over your card details to retailers. Even on Apple’s own microsite, the feature is buried in a paragraph whose heading is about the use of fingerprints.

Yet the list of major chains who have seen customer card details compromised is virtually a Who’s Who of retailing and the hotel trade. Acer, Carphone WarehouseCVS Photo, Eddie BauerHiltonHome Depot, K-Mart, Marriott HotelsMichaels, Neiman Marcus, P.F. Chang’s, Staples, Starwood HotelsSuperValu, TargetTrump Hotels and Wendy’s. That’s even before we get into the Oracle hack that may have exposed almost every US credit card … 

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Apple pay Stories August 18

AAPL: 109.08

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Not one to shy away from the spotlight, Kanye West has announced that this weekend he’ll be opening up 21 pop shops around the world, some of which will be exclusively accepting Apple Pay thanks to a partnership with Square. Square’s contactless readers will be available in the U.S., Canada, and Australia so that customers can focus on paying for their items as quickly as possible. West claimed that the last pop-up shop had generated $2 million in sales in New York City alone, so a high revenue weekend like this could be great exposure for Square’s technology.

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The total number of UK banks and card companies supporting Apple Pay has reached 20, as Clydesdale Bank and Yorkshire Bank announced that they now support the mobile payment platform. Though originally separate, the two banks were merged in 2005, retaining separate branding but operating as a single legal entity, CYBG

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Apple pay Stories August 17

AAPL: 109.22

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As Apple Pay continues to expand to more banks in the United States and around the world, it’s slowly coming to more retail locations, as well. Next on the docket for Apple Pay support appears to be Chick-Fil-A, according to a tweet from the restaurant chain.

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Apple has added a second round of new Apple Pay banks and credit union partners in the United States for the month of August. These are the latest banks to work with Apple’s mobile payment service:

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Apple pay Stories August 11

AAPL: 107.93

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CVS today joined Walmart in continuing to resist Apple Pay, instead launching its own mobile payments solution. In a press release, CVS officially announced CVS Pay, a barcode-based solution to paying for goods and prescriptions in the company’s retail locations.

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