Apple Pay, the contactless payment system that runs on your iPhone 6, debuted on October 20, 2014. Now, barely a month old, the electronic payment system faces a challenge from a newcomer that won’t be available until spring 2015. What started this battle of payment methods is an attempt by retailers to avoid paying the processing fees for credit card transactions.
By most accounts, Apple Pay, which uses near field communication, is the superior system. That hasn’t stopped some retailers from blocking Apple Pay from its customer payment options. Read more