Apple Pay Launching This Monday, October 20 with iOS 8.1

At today's media event that saw the debut of new iPads and a new Retina iMac, Apple announced that its Apple Pay mobile payments solution will launch on Monday, October 20 alongside iOS 8.1, which will enable the service. According to Apple, more than 500 additional banks have signed on to support Apple Pay, as have dozens of additional retailers.

applepay2
In store payments with Apple Pay will require the iPhone 6 or iPhone 6 Plus, as they both include NFC chips, and the Apple Watch will also be able to be used to make in-store payments when it launches.

The iPhone 6, the iPhone 6 Plus, the iPhone 5s, and the newly released iPad Air 2 and iPad mini 3 can make online purchases with Apple Pay in apps that support it.

"Our team has worked incredibly hard to make Apple Pay private and secure, with the simplicity of a single touch of your finger," said Eddy Cue, Apple's senior vice president of Internet Software and Services. "The reaction to Apple Pay has been amazing. We continue to add more Apple Pay ready banks, credit card companies and merchants, and think our users will love paying with Apple Pay."

Apple places a heavy emphasis on security with Apple Pay, and the company's Apple Pay press release once again points out that Apple Pay does not store actual card numbers, replacing them instead with a Device Account Number in the Secure Element, pairing them with a one-time use code that verifies each payment along with Touch ID.

Apple Pay protects personal information by preventing stores from seeing a user's credit card number, name, and more. It also does not collect transaction information, keeping transactions between the user, the merchant, and the user's bank.

Credit cards and debit cards from the three major payment networks, American Express, MasterCard, and Visa, are supported by Apple Pay, and several banks, including Wells Fargo, Bank of America, Capital One, and more have signed up to partner with Apple on the payments initiative.

Apple Pay will be accepted at any retail location that can take contactless payments, and in addition, Apple has signed up with specific retailers like Whole Foods, Macy's, Sephora, Staples, and more, to ensure Apple Pay will be accepted in those stores. A number of retailers have also signed up to accept Apple Pay payments within their apps, including Target, Uber, Panera Bread, Lyft, and more.

Apple Pay will be available in the United States beginning on Monday, October 20, following the release of iOS 8.1. Apple suggests that prospective Apple Pay users contact their banks to determine their card's Apple Pay eligibility, as some banks may not support all card types.

Related Roundup: Apple Pay
Tag: iOS 8.1

Top Rated Comments

britboyj Avatar
106 months ago
It's beyond secure and more secure then Google Wallet, much more secure then Google Wallet, Apple Pay is so secure that banks are actually willing to accept any liability charges from Apple Pay, if anything ever happened, thats how much trust all these banks and retailers have in the system, it's a very well secured system that is essentially unhackable with its local-based tokenization as opposed to cloud-based tokenization on Google Wallet

Apple was smart and went with the evolution of an evolving and decided industry initiative (one use codes per transaction) that VISA and AMEX (IIRC) both agreed on last year.

Google tried to make credit cards as they knew them 'cool' and 'high tech' rather than tackling the existing problematic dynamic WITH the credit card companies.

I can't wait to pay for a gatorade at the gas station mid-way through my run with just my phone.
Score: 6 Votes (Like | Disagree)
Bahroo Avatar
106 months ago
But some members don't trust Apple Pay yet.

It's beyond secure and more secure then Google Wallet, much more secure then Google Wallet, Apple Pay is so secure that banks are actually willing to accept any liability charges from Apple Pay, if anything ever happened, thats how much trust all these banks and retailers have in the system, it's a very well secured system that is essentially unhackable with its local-based tokenization as opposed to cloud-based tokenization on Google Wallet
Score: 5 Votes (Like | Disagree)
bpeeps Avatar
106 months ago
But some members don't trust Apple Pay yet.
Score: 4 Votes (Like | Disagree)
chirop Avatar
106 months ago
Instead of being honest Apple decides to bring 8.1 as the next big thing yet the adoption rate is lower then that of ios 7 and there are tons of people pissend off how buggy it is.
Score: 3 Votes (Like | Disagree)
huschpuscheli Avatar
106 months ago
so this keynote is a comedy show or what? i like it!
Score: 3 Votes (Like | Disagree)
simon48 Avatar
106 months ago
500 more banks!!! I hope mine is in there. ;)
Score: 2 Votes (Like | Disagree)

Popular Stories

Emergency SOS via Satellite iPhone YT

Apple's iPhone 14 Emergency SOS via Satellite Feature Saves Stranded Man in Alaska

Thursday December 1, 2022 4:37 pm PST by
With the launch of iOS 16.1, Apple rolled out a Emergency SOS via Satellite, which is designed to allow iPhone 14 owners to contact emergency services using satellite connectivity when no cellular or WiFi connection is available. The feature was put to the test in Alaska today, when a man became stranded in a rural area. In the early hours of the morning on December 1, Alaska State Troopers ...
iPhone Measure Height

Newer iPhones Allow You to Measure Someone's Height Instantly — Here's How

Saturday December 3, 2022 10:23 am PST by
iPhone 12 Pro and Pro Max, iPhone 13 Pro and Pro Max, and iPhone 14 Pro and Pro Max models feature a LiDAR Scanner next to the rear camera that can be used to measure a person's height instantly in Apple's preinstalled Measure app. To measure a person's height, simply open the Measure app, point your iPhone at the person you want to measure, and make sure they are visible on the screen from...
General iOS 16 Feature Yellow

iOS 16.2 for iPhone Launching This Month With These 8 New Features

Thursday December 1, 2022 8:44 am PST by
Apple plans to publicly release iOS 16.2 for the iPhone in mid-December, according to Bloomberg's Mark Gurman. The update remains in beta testing for now, with at least eight new features and changes already uncovered so far. iOS 16.2 introduces a number of new features, including Apple's new whiteboard app Freeform, two new Lock Screen widgets for Sleep and Medications, the ability to hide...
iOS 16

When Will iOS 16.2 Be Released?

Friday December 2, 2022 2:13 pm PST by
Apple in late October began testing iOS 16.2 and iPadOS 16.2 updates, providing betas to both developers and public beta testers. As of now, we've had four total betas, with the fourth beta having been released earlier this week. iOS 16.2 and iPadOS 16.2 are expected before the end of the year, and we thought we'd try to narrow down the launch timeline. With only four betas released since...
14 vs 16 inch mbp m2 pro and max feature 1

Major RAM Upgrade Coming to Next-Generation MacBook Pro

Friday December 2, 2022 2:03 am PST by
The next-generation MacBook Pro models could feature faster RAM, according to a recent report from a reliable source. MacRumors Forums member "Amethyst," who accurately revealed details about the Mac Studio and Studio Display before those products were announced, recently provided information about Apple's upcoming 14- and 16-inch MacBook Pro models. The new machines are expected to feature...
iPad 10 Battery Pull Tabs

iPad 10 Teardown Reveals Why Device Isn't Compatible With Apple Pencil 2

Thursday December 1, 2022 10:48 am PST by
Do-it-yourself repair website iFixit today shared a video teardown of Apple's new 10th-generation iPad, providing a closer look inside the tablet and revealing why the device lacks support for the second-generation Apple Pencil. The teardown reveals the internal layout of the iPad, including its two-cell 7,606 mAh battery, logic board with the A14 Bionic chip, and more. As suspected, the...
android apple fix rcs

Google Again Criticizes Apple for Not Adopting RCS for Messages App: 'Their Texting is Stuck in the 1990s'

Friday December 2, 2022 10:54 am PST by
Google is continuing on with its attempt to convince Apple to adopt the RCS messaging standard, publishing a new "it's time for RCS" blog post. Promoted heavily by Google, RCS or Rich Communication Services is a messaging standard that is designed to replace the current SMS messaging standard. It provides support for higher resolution photos and videos, audio messages, and bigger file sizes, ...
ios 16 2 beta notifiation center

PSA: Older Notifications No Longer Hidden in Notification Center in iOS 16.2 Beta 4

Friday December 2, 2022 5:23 am PST by
In a small but significant change to the way the Notification Center works in the latest iOS 16.2 beta, older notifications are now shown by default without having to swipe up. In the current release as well as earlier versions of iOS 16, users do not automatically see older notifications in the Notification Center like they did in iOS 15, and instead must manually swipe up from the middle...
lastpass

LastPass Hacked for Second Time This Year

Friday December 2, 2022 4:04 am PST by
Password management app LastPass says it is investigating a security incident after an "unauthorized party" compromised its systems on Wednesday and gained access to some customer information. The information was stored in a third-party cloud service shared by LastPass and parent company GoTo, said LastPass CEO Karim Toubba in a blog post. Toubba said the hackers used information stolen from ...
Apple Card Savings

Apple Card Customer Agreement Updated for 'Upcoming' Savings Account Feature

Friday December 2, 2022 11:43 am PST by
Goldman Sachs this week updated its Apple Card customer agreement to reflect the credit card's upcoming Daily Cash savings account feature, which was expected to launch with iOS 16.1 but appears to have been delayed. "To enable new ways to use Daily Cash like the upcoming Savings account feature, we are updating the Daily Cash Program section of your Apple Card Customer Agreement," reads an...