Displaying 30+ Stories

Apple Pioneering 'Contactless' Payment Technology

10-21-2014
3850813989001
Newschannel_Morning_102114_HD1080_424.372_454.676

Retailers are now moving toward a contactless payment society and Apple is one of the pioneers of this technology.

The newest iPhones take a picture of your Visa or MasterCard, then Apple Pay creates what's called a digital pay token.
   
Aaccording to Visa, the credit card number is never actually stored on the phone. Instead, the new technology creates a digital alias.
    
When users decide to make a purchase, instead of swiping a credit card, the phone prompts them to authorize the sale with a fingerprint.

Did you know?

God is everywhere—even in the news. That’s why we view every news story through the lens of faith. We are committed to delivering quality independent Christian journalism you can trust. But it takes a lot of hard work, time, and money to do what we do. Help us continue to be a voice for truth in the media by supporting CBN News for as little as $1.