NDM 14

http://www.telegraph.co.uk/technology/apple/11158218/Apples-iPhone-based-Pay-launches-this-week.html
Apple's iPhone-based 'Pay' launches this week

• It uses NFC chips which can communicate securely and wirelessly, and uses the Touch ID fingerprint sensor to authenticate purchases.
• Apple announced the new Pay feature last month when it unveiled its new iPhone 6 and 6 Plus handsets.
• Retail chain Walgreen's says that it will adopt the service on October 18
• Apple has teamed up with MasterCard and Visa to launch the service in the US. 

Apple’s iPhone-based ‘Pay’ will launch this weekend and allow customers in the US to buy goods and services by tapping their new 6 and 6 Plus handsets against a payment terminal – but reports from inside Apple’s headquarters reveal that employees are already using it to buy lunch. A leaked internal memorandum to staff at retail chain Walgreens says that it will adopt the service on October 18. McDonalds, Macy’s and Staples are also known to have signed up to adopt Pay. Owners of iPhone 6 and 6 Plus handsets will be able to use them to buy items from Walgreens, McDonalds and Staples in the US from this weekend, suggest reports - but Apple staff are already using it to buy lunch in their staff canteen.

In my opinion I think that credit cards are less sophisticated than the UK which uses chip-and-PIN technology, experts predicted that gaining market share in Britain would be more difficult. Buying things will be much easier as there is no need to bring your card with you as card details are stored on the phone. A negative factor to this would be that theft percentages will increase dramatically.