After introducing the new iPhone 6, 6Plus and the Apple Watch, this week, Apple announced Apple Pay, a digital wallet, integrated into the new devices that will let you use your phone to pay for purchases online and at the register. Like some credit and debit cards are already doing, the technology uses near-field communications. While pressing your fingerprint to the phone's screen, hold the phone near the credit card keypad at the register and your payment will be accepted. Macys, Walgreens, McDonald's, Subway and Staples are already on board and planning to participate with the service rolls out in October.
Online, Apple Pay will act like PayPal, where you pay for goods by entering your Apple Pay account information, not your credit card number.
The service is free...but the iPhone 6 will set you back $299 (with a two-year carrier contract)