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16-Sep-2017 13:11

What's more, the Apple gadgets will work only in stores where merchants have upgraded their equipment to accept the technology.

While credit and debit cards represent more than half of the purchases made for retail goods and services in the U.

The companies are betting that they will more than make up that cost as the volume of electronic payments increases, these people said.

But the credit-card industry has jumped on technologies that have fizzled in the past.

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This is similar to the random number generator used by the rival Apple Pay service.

There are payment confirmations every time you make a purchase so you can see if anyone has been making payments using your phone’s details.

S., cash continues to dominate in small transactions.

A recent consumer survey conducted by the Federal Reserve found that cash represented 66% of transactions under and 58% of transactions under .

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