As you've probably heard by now, Apple recently launched a new payment service that will be available with the iPhone 6 and iPhone 6 Plus. The new service is called Apple Pay, and Authorize.Net is one of the first companies to offer support for the new feature.
What hasn't been discussed much is the tokenization technology that Apple Pay is using to drive its new payment solution. The behind-the-scenes story of what happens when customers use Apple Pay is what truly makes the Apple announcement an important milestone for Authorize.Net and the payments industry in general.
Rajat Taneja, Executive Vice President of Technology for Visa, Inc. (our parent company), recently wrote a great article describing the new technology and how it applies to the payments ecosystem.