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Many large retail chains already have NFC-enabled POS terminals, so Apple's system will work at places like McDonald's, Target and Whole Foods without requiring those stores to install new hardware at each cash register. Payment information will be stored on a chip Apple is calling the Secure Element, and won't be visible to the merchant. Online retailers will also be able to use Apple Pay to facilitate credit card transactions within their iOS apps.
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- Companies:
- Amazon.com
- American Express
- Target
- People:
- McDonald
- Ralf Gladis
- Places:
- Cupertino, Calif.
- Europe

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