5 Reasons Why Apple Pay is the Sleeper Hit of the Apple Event

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It was, without question, one of Apple’s biggest days: The company unveiled on Tuesday in Cupertino two brand new, larger iPhones, and, with Apple Watch, a bold entry into a new category: wearables

But it was the third introduction that could ultimately change the most lives: Apple Pay.

See also: How to Trade in Your Old iPhone for the iPhone 6

Apple Pay is Apple’s mobile payment solution. It uses Apple’s Passbook app, NFC (in the iPhone 6 and 6 Plus), a special authentication chip and Touch ID, the built-in finger print reader found in the iPhone 5s and now iPhone 6 and 6 Plus. During the unveiling, Tim Cook showed a short video where a customer fumbled with her credit card and ID, and another short instance where she used a new iPhone 6 to pay with a tap on an NFC reader. Read more...

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from MashableLance Ulanoff