Apple Pay Signals New Era at Cash Register - NYTimes.com

Poised to accelerate payment system evolution

"It remains far from certain that Apple Pay, which uses the fingerprint reader on recent iPhones to confirm identities, will become a hit. The promise of convenient and secure mobile payments has long been hailed — by start-ups and powerful companies like Google and Verizon. That promise has remained largely unfulfilled.

But the swift reaction by companies in the three weeks since Apple Pay was unveiled makes clear that how we normally pay for goods and services is ripe for transformation."

Apple Pay Signals New Era at Cash Register - NYTimes.com