Apple Pay ushers in the latest mobile payment system to hit the market. An exciting development, the new one-step process will be built into every iPhone 6 and iPhone 6 Plus. Tim Cook prefaced the announcement of Apple Pay by stating, "Apple is about to enter an entirely new category of service."
After the recent criminal activity involving the iCloud, Apple Pay is stringent on security. The Wire reports, "Instead of storing your card, there will be a one time payment with a dynamic security code. You can add in the card by taking an image of it. Touch ID will be used to confirm transactions (added security, though we know Touch ID is hackable.)" Apple Pay will launch in the US for Visa, American Express and Mastercard.