A Sleeping Giant Awakes: How Apple Pay Works and What It Means for Payments

Apple Pay is interesting because it implements payments on the existing infrastructure without requiring any alteration to the point of sale. With Apple finally enabling Near Field Communication (NFC) payments, mobile payments can now expand. But as mobile payments become common, all eyes will quickly shift to the next battle, to decide how to and who will deliver a more immersive shopping experience that requires the POS to change.