Apple Pay: Apple Watch and iPhone 6 Payment Method Explained

ApplyPay-iPhone-iPad-POSTechnology is taking over the world. Nooks and Kindles are replacing printed books. Online newspapers have replaced printed pages at our door every morning. Digital photobooks have replaced film prints and photo albums. The list goes on and on. And now? Apple seems to be working to replace our wallets as well using Apple Pay.
In their recent iPhone 6 and iPhone 6 Plus launch, Apple Chief Executive Officer Tim Cook announced their new plans for Apple Pay, a new mobile payment process. The system, which will work on both the new iPhones as well as the Apple Watch, is publicized as a private system utilizing a near field communication (NFC) antenna. Users will store their card information by taking a photo of the car with their iPhone camera. Apple Pay does not release any transaction to Apple, thus staying secure and reliable. Customers wave their phone in front of the terminal in order to pay, and they payment is delivered via the NFC antenna and a chip that is embedded in the new iPhones and Apple Watch.
The timing seems right, with so many technology breeches in recent news (Home Depot, Target, Albertson’s, etc). Currently, merchants are under pressure to switch their terminals and Point of Sale systems for more secure and safe chip form of transaction. If Apple Pay is as much of a success as CEO Cook and others hope it to be, these merchants will more than likely also find incentive to install the necessary hardware for mobile payments.
For now, Apple Pay will be available for use in all Apple retail stores across the country, as well as known retailers such as Macy’s, McDonald’s, Staples, Sephora, Walgreens, and Disney just to name a few. The system also works withal credit and debit cards through American Express, MasterCard, and Visa, along with various banks such as Chase, Citi, Wells Fargo, and Bank of America.
What does this mean for the future of Point of Sale systems? Well, with advancements such as Apple Pay progressing full force, we are in constant need to keep up by updating and moving our systems forward as well.
If you are interested in learning more about Sintel’s point of sale (POS) systems and how our knowledge and support can impact your future success, call us for a complimentary phone consultation.
Sintel Systems is the only direct to end user full-service provider of tailored Point of Sale systems across retail, restaurant and service industries, including frozen yogurt shopspizzeriassushi restaurantscafés and retail stores.
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