(Ping! Zine Web Tech Magazine) – Apple’s contactless mobile payment system, Apple Pay, will be making its way to iPhone 6 users on Monday, announced the tech giant on Thursday.
Apple Pay can be accessed through a free software update to iPhone 6 and the new iPad Air 2 and iPad mini 3 that was announced yesterday during Apple’s press event, says the company via press release.
“Apple Pay is designed to protect the user’s personal information. It doesn’t collect any transaction information that can be tied back to a user and payment transactions are between the user, the merchant and the user’s bank,” stated the press release. “Apple doesn’t collect your purchase history, so when you are shopping in a store or restaurant we don’t know what you bought, where you bought it or how much you paid for it.”
Apple notes that credit card numbers are not stored on your device, but instead a users specific Device Account Number is created and stored on your device, adding that it is “walled off from iOS” and not stored to iCloud .
Currently the banks participating with Apple Pay include American Express, Bank of America, Capital One, Chase, CITI, and Wells Fargo.
Apple notes that Barclaycard, Navy Federal Credit Union, PNC, USAA, and USbank will be “coming soon.”
There are over 220,000 stores accepting the new mobile payment, with many more expected to be participating in the future. Some of the major retailers participating in the service are Macys, McDonalds, Nike, Petco, Sephora, ToysRUs, Walgreens, and Walt Disney World.