This week, Apple unveiled its’ NFC-based Apple Pay that allows users with an iPhone 6 or 6 Plus to pay securely by simply pressing the Touch ID reader and placing the phone near an NFC terminal. A subtle chirp and vibration indicate that a payment has been made.
The power behind this announcement is the fact that Apple has hundreds of millions of consumers who have their credit cards on file in their iTunes accounts. In addition to the card that these users already....