Apple Pay is an exceedingly secure mobile payment platform. In fact, it may very well be the safest way to make any type of credit card payment. To understand why, below is a general overview of how the system works behinds the scenes. Note that this article is meant to paint the Apple Pay process in broad strokes, as a good portion of the nitty-gritty technical details aren’t yet publicly known and, due to security considerations, may never be fully disclosed.
Read the review and explanation by Yoni Heisler at TUAW. Apple Pay sounds like the solution the industry has been looking for, let’s see if it is.