How does Apple Pay work Can someone give me an overview as to how Apple Pay works. What goes on inside it. What microchips are used and essentially how does it work?
Here is the best write-up I know of. In typical Ars Technica fashion, it tells you everything you could ever want to know. A must-read for the curious: http://arstechnica.com/gadgets/2014/10/how-mobile-payments-really-work/