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October 21, 2014

Apple Pay: What you need to know

  • Here's how the new mobile payment system works and what to expect.
    • By ANICK JESDANUN
    AP Technology Writer

    CUPERTINO, Calif. — Apple's mobile payment system, Apple Pay, made its debut Monday. Now you can flash your new iPhone in the checkout line to pay for food, clothing and other goods. There's no need to pull out your credit card.

    But don't leave your wallet or purse behind quite yet: Despite a few dozen retail chains pledging support for Apple Pay, so-called contactless payments are still new. Smaller merchants, in particular, aren't likely to have the necessary equipment right away.


     
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