Apple Pay Transaction

Last night Apple announced at a Wall Street Journal event that within the first 72 hours of Apple Pay being available over 1 Million charge cards have been connected to users’ devices. Apple CEO Time Cook stated that this is a larger number than all other contactless payment systems combined to date. Despite some launch issues including certain merchants / banks double charging the consumer by mistake and the blocking of NFC by select retailers, Apple Pay has been met with generally glowing reviews. Additionally, users reports indicate that Apple Pay works with a large number of merchants not officially connected to the service. Whichever flavor of mobile device you use, the success of Apple Pay is to everyone’s benefit. As more users want to make payments via NFC, the multi-platform technology will become more prevalent.