Using geolocation data, the credit card company proposes a plan that will only allow card transactions when a users' smartphone is within close proximity.
The new wearable and pair of smartphones have given a jolt to the tech industry. CNET looks at the reverberations for Apple's rivals and partners.
Apple Pay could realistically be a huge business, but adoption will depend on sales of iPhone 6 and 6 Plus, consumer willingness to change and retailer IT infrastructure.
Apple is partnering with American Express, Visa, and MasterCard on a mobile wallet system expected to be introduced with the iPhone 6 on September 9, according to two different reports.
Apple will help consumers say buh-bye to plastic credit cards with the NFC-enabled iPhone 6, iPhone 6 Plus, and Apple Watch using its new mobile payment service Apple Pay.
Apple wants to replace plastic credit cards with the Apple Pay mobile wallet and the new iPhone 6. It's not the first to attempt such a feat. Will it finally be the one to succeed?
Apple has already confirmed that it won't charge merchants or consumers for card transactions, yet it's unclear how much in fees the company can generate from banks.
Analysts weigh in on Apple's announcements, and unsurprisingly, most are happy about what the company unveiled Tuesday.
The consumer electronics giant upgrades its iPhones on the inside and outside with larger and higher-resolution screens and better chips.
CEO Tim Cook delivers on a promise to move into a new product category, making a foray into wearable devices with the Apple Watch. Plus: Bigger-screen iPhones and a mobile service called Apple Pay.