Six Colors
Six Colors

by Jason Snell & Dan Moren

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In its second year, Apple Pay is ready to cash in

In my Stay Foolish column at Macworld this week, I take a look at what Tim Cook’s recent comments about Apple Pay might portend for the next year of the service:

And, in fact, Apple Pay couldn’t come at a better time, thanks to the imminent transition to more secure forms of payment, such as chip-based credit cards. Starting in mid-October, the liability for fraud on magnetic swipe transitions at most retail locations shifts from the card issuer to the retailer itself. That’s a big incentive for stores to switch to terminals that accept cards with embedded chips or NFC payments–such as Apple Pay.

Read the rest at Macworld

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