Hot on the heels of the new iPhone® 6 and 6 Plus release, the world awaits a new technology recently announced by Apple® known as Apple Pay™ – which will enable an entirely new kind of mobile payment experience for consumers and retailers. But, what do we really know about this unprecedented technology?  We know you need plastic (debit or credit card – your choice). We also know that merchants will need a sophisticated card reader in order to process payments from your iPhone 6 or 6 Plus. But, beyond the basics, what does Apple Pay really mean for you and the businesses that’ll use it?

Navy Federal’s Jim Salmon, vice president of Business Services, and Randy Hopper, vice president of Credit Cards, sat down with Forbes® and Lendio® business reporter Ty Kiisel to chat about this new technology that Navy Federal was invited to offer to members later this fall. Apple chose the credit union to be among one of the few leading financial institutions to offer Apple Pay once it becomes available.

In the recorded podcast, Jim, Randy and Ty cover a variety of topics on Apple Pay:

  • What makes Apple Pay different from other mobile payment options that have been tried in the past
  • What Apple Pay means for small businesses and consumers
  • How Apple Pay and chip-and-pin cards will help combat fraud
  • Why your wallet isn’t going away anytime soon

View the full podcast as seen on Lendio.com to learn more about how this innovative technology will impact businessowners and anyone with a credit or debit card.

Apple, the Apple logo, and iPhone are trademarks of Apple, Inc., registered in the U.S. and other countries.  Apple Pay is a trademark of Apple, Inc.