Apple Watch Works With Apple Pay to Replace Your Credit Cards
7th March 2015
Apple Watch uses a mini version of Passbook to hold your credit and debit card info for payments. When you want to buy something at a cash register, you just need to double click the button beneath the “Digital Crown” and hold it up to the contactless payment system. Apple is using “Device Account Numbers” for each of your cards, which means that your actual card number isn’t transferred to the merchant. There’s also a “transaction-specific dynamic security code” to help keep your payment info secure and prevent hackers from skimming your account number and using it for another purchase. After a successful payment, the watch will vibrate and make a small beep.
This almost makes me want to get one. Almost.