ApplePay shakes up mobile payments

ApplePay on the new Iphone 6 looks to get the acceptance of mobile payments. Growth may not be as fast as expected. According to the early comments, the pay feature won’t be available on Apple’s older phones. Also the growth in NFC enabled point-of-sale terminals at retailers will also benefit card issuers Master Card and Visa, who have mandated that retailers update to terminals that can accept the new secure chip cards. Forrester Research predicts the mobile payment market will exceed $90 billion in the next three years.