Apple Pioneering 'Contactless' Payment Technology

Retailers are now moving toward a contactless payment society and Apple is one of the pioneers of this technology.

The newest iPhones take a picture of your Visa or MasterCard, then Apple Pay creates what's called a digital pay token.
   
Aaccording to Visa, the credit card number is never actually stored on the phone. Instead, the new technology creates a digital alias.
    
When users decide to make a purchase, instead of swiping a credit card, the phone prompts them to authorize the sale with a fingerprint.