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An attendee uses an Apple Inc. iPhone while standing in front of the Apple Inc. logo during an Apple product announcement in San Francisco, California, U.S., on Wednesday, Sept. 9, 2015. Apple Inc. introduced a larger iPad with a 12.9-inch screen, designed to attract business users and jump-start demand for its tablets. Photographer: David Paul Morris/Bloomberg
David Paul Morris/Bloomberg
Apple's latest iPhone could change the way people pay with a smartphone. Its updates improve Apple Pay and bring new tools to developers and merchants.
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Emrah Turudu

Touch ID Gets a Tune Up

The new version of Touch ID, which Apple uses for payments authentication, will be twice as fast, removing some of the friction involved in using a mobile wallet.
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Philip "Phil" Schiller, senior vice president of worldwide marketing at Apple Inc., speaks during an Apple product announcement in San Francisco, California, U.S., on Wednesday, Sept. 9, 2015. Apple Inc. introduced a larger iPad with a 12.9-inch screen, designed to attract business users and jump-start demand for its tablets. Photographer: David Paul Morris/Bloomberg *** Local Caption *** Phil Schiller
David Paul Morris/Bloomberg

Moving Pictures

Apple's new "live photos," which contain a second or two of movement (like the photos in a Harry Potter newspaper), echo the trend in facial recognition to require the users to blink to prove they are real. This could work well with apps that function as a photo ID, such as PayPal and the defunct Square Wallet.
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The Apple Pencil is displayed during an Apple product announcement in San Francisco, California, U.S., on Wednesday, Sept. 9, 2015. Apple Inc. introduced a larger iPad with a 12.9-inch screen, designed to attract business users and jump-start demand for its tablets. Photographer: David Paul Morris/Bloomberg
David Paul Morris/Bloomberg

$100 Pencil

The Apple Pencil, advertised as a companion to the iPad Pro, is a $100 gadget designed to improve the precision of Apple's touchscreen apps. It could also open up new uses for Apple products as mobile point of sale devices.
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Tim Cook, chief executive officer of Apple Inc., speaks during an Apple product announcement in San Francisco, California, U.S., on Wednesday, Sept. 9, 2015. Apple Inc. is expected to unveil its iPhone 6s and 6s Plus, as well as an updated version of its Apple TV set-top box. Photographer: David Paul Morris/Bloomberg *** Local Caption *** Tim Cook
David Paul Morris/Bloomberg

Popularity Boost

Apple CEO Tim Cook stated that last year's iphones were the most popular models ever. Apple is introducing an Android app to help consumers migrate their data to Apple's ecosystem, which should bring in more Apple Pay users (at the expense of Android Pay).
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Jennifer Bailey, vice president of online store at Apple Inc., speaks during the Apple World Wide Developers Conference (WWDC) in San Francisco, California, U.S., on Monday, June 8, 2015. Apple Inc. kicked off its annual developers conference in San Francisco, where the company will unveil a revamped streaming-music service, improvements to its mobile software and tools to speed up smartwatch applications. Photographer: David Paul Morris/Bloomberg *** Local Caption *** Jennifer Bailey
David Paul Morris/Bloomberg

Wallet App

As previously revealed, Apple's Passbook app is getting rebranded as Wallet, reflecting its transformation into a payment app and away from its original purpose of storing boarding passes and stadium tickets.
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Jennifer Bailey, vice president of online store at Apple Inc., speaks during the Apple World Wide Developers Conference (WWDC) in San Francisco, California, U.S., on Monday, June 8, 2015. Apple Inc. kicked off its annual developers conference in San Francisco, where the company will unveil a revamped streaming-music service, improvements to its mobile software and tools to speed up smartwatch applications. Photographer: David Paul Morris/Bloomberg *** Local Caption *** Jennifer Bailey
David Paul Morris/Bloomberg

Retailer Friendly

Apple Pay is also becoming more open to different card accounts, including store-branded payment and loyalty cards.
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Going Big with Small Merchants

Apple's ongoing work with Square will make it possible for the small merchants that rely on Square products to accept Apple Pay contactless payments.

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