There has been a fare bit of buzz about Apple’s announcement on Tuesday about their new iPhones and smartwatch. But as former Apple CEO John Scully explains in this interview with MSNBC’s Chris Hayes, Apple Pay (their new mobile payment system) is the real potential game changer.
Some of the nation’s biggest banks like Bank of America, Chase, Citi and Wells Fargo will be the first banks to offer Apple Pay with additional banks and credit unions such as PNC, Navy Federal Credit Union and U.S. Bank soon to follow. Jim Marous has written an excellent article in the Financial Brand entitled Is Apple Pay a Banking Trojan Horse? What do you think?