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What Are The Implications of 'Apple Pay'?

Yesterday in Cupertino, Apple introduced the world to the iPhone 6, the new Apple Watch, and a mobile payment system called Apple Pay.

Apple says the system would be more secure than credit card transactions, but questions about security persist.

Maggie Lake, a business reporter for CNN joins Here & Now’s Jeremy Hobson to look at security questions and also what the new payment system means for credit card companies.

Guest

Copyright 2021 NPR. To see more, visit https://www.npr.org.

Apple CEO Tim Cook introduces the new Apple Pay product on Tuesday, Sept. 9, 2014, in Cupertino, Calif. (AP Photo/Marcio Jose Sanchez)
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Apple CEO Tim Cook introduces the new Apple Pay product on Tuesday, Sept. 9, 2014, in Cupertino, Calif. (AP Photo/Marcio Jose Sanchez)