09-12-2014, 07:06 PM
Yep, first paragraph: http://bgr.com/2014/09/10/apple-pay-how-it-works/
BGR wrote:
The first devices to support Apple Pay will be the iPhone 6 and iPhone 6 Plus (starting next month) that come with built-in NFC support and Touch ID fingerprint sensor, as well as the Apple Watch (in early 2015), at which point Apple Pay will also work on older iPhones that are compatible with the wearable device, including the iPhone 5, iPhone 5c and iPhone 5s.