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Apple Pay reportedly set for U.S. launch this week

The memo, posted by tech-news website MacRumors, scheduled the introduction of the new payment system for Oct. 18

Published: Updated:

Apple will launch its new pay system in Walgreen’s on Saturday, a leaked memo from the U.S. drug-retailing chain said, according to CNN.

The memo, posted by tech-news website MacRumors, scheduled the introduction of the new payment system for Oct. 18.

Walgreen’s is joined by other giant chain-stores across the United States such as Bloomingdale’s, Macy’s, McDonald’s, Staples and Whole Foods.

Apple Pay will enable iPhone 6 and iPhone 6 Plus users to pay for goods and services by simply scanning their fingerprints for identification and then holding the device to the register.

The payment will be charged to either a credit or a debit card, whatever has been arranged with Apple.

Payment information is sent from the phone to the register through short-range waves sent from a specially designed chip inside the iPhone 6. The process is called Near Field Communication, NFC, which CNN reports an estimated 220,000 retail store across the U.S. already uses.

The feature already exists on several Android, Windows Phone and BlackBerry devices and works with services like Google Wallet, Softcard and PayPal.