If the rumors are to be believed, Apple will be launching Apple Pay on the 18th of October. Given that Apple did mention that the service will be going live in about a month’s time, we guess this isn’t really a stretch of the imagination and could very well be true. Now we’re sure some of you guys are a little concerned about security, given that there seems to be a growing list of retailers who have been hacked.
Apple is gearing up to launch its first mobile payments system, Apple Pay, which will allow you to make purchases with the iPhone 6 or iPhone 6 Plus by simply tapping your phone. With the recent JP Morgan breach and Target hack that resulted in millions of stolen credit card numbers last year, you may be reluctant to use your phone as a payment method. Visa, however, assures that your information will remain safe thanks to the new Token Service it launched last month. So what does this mean for Apple Pay users? Basically, if you’re using a Visa credit card, your payment credentials won’t be used when you execute transactions. In fact, Visa says they won’t even be stored on your phone at all.