“Last year, Apple captured the imagination of technology enthusiasts and credit card users alike when it introduced its Apple Pay mobile payments system. No longer would credit card users need to carry around a bulging wallet filled with myriad credit cards — their smartphones could simply be waived in front of a payment terminal.
That payment process has a huge appeal to many consumers, but there are a few limitations. First, the system works only if you have an iPhone 6, which is popular but far from universal. In addition, the retailer has to purchase terminals to be compatible with this system. Apple has signed up many prominent national chains, but only about 3% of retailers have the necessary Near Field Communications (NFC) compatible terminals and participate in Apple Pay.
So with these significant drawbacks, many credit card users are curious to explore some alternatives to Apple Pay that allow the mobile phone payments , or ones that store all of a user’s accounts in a single card.”
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