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As Apple Pay launches, others reimagine the credit card

Apple's payment system rolls out at some retailers and promises more protection from hackers. But Zwipe and Plastc have other ideas for changing the way we pay.

With cybersecurity threats showing no sign of slowing down, perhaps it is time to reconsider the way we pay. Enter Apple Pay , the tap-to-pay system that encrypts credit card data from retailers. Apple Pay is available on new iPhone 6 models with the iOS 8.1 update. The payment system is limited to select stores and apps at launch, but it won't completely kill the wallet when there are retailers like Wal-Mart and Best Buy declining to participate.

While Apple removes the need for a physical card, other products like Zwipe and Plastc are adding new tech to the card itself. Watch CNET Update for a quick look at the latest evolution in payments, and also learn about new payment options with Spotify and Beats Music:

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As Apple Pay launches, others reimagine the credit card