Apple Pay: big banks, credit card companies participating

Global Business

As Apple fans pocket new iPhone 6 models, they’ll discover a new function: Apple Pay. Several big banks have already signed on to Apple Pay.

What is Apple pay? How quickly this payment process takes off? What are some of the privacy challenges that Apple Pay may pose to consumers and to Apple? What is the biggest technological challenge to Apple Pay?

CCTV America was joined by Shara Tibken, a Senior Writer for CNET news.