Apple Pay set to launch on Monday October 20
At its iPad conference today, Apple announced that its new NFC-based mobile payment service, Apple Pay, would roll out on Monday, October 20. Apple says over 500 banks will support the service, and showed off dozens of retailers who’ve signed up as well, with more coming by the end of the year. Apple first introduced Apple Pay during its iPhone and Apple Watch event a little over a month ago. Supporting Mastercard, Visa, and American Express cards, the company hopes to make in-store cashless transactions easier and more secure. The process generates a one-time payment number, and the merchant never sees your…
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