Tech experts say Apple Pay safer than carrying a wallet

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Tech experts say the new Apple Pay is likely safer than just using a normal credit or debit card (KTRK)

Apple wants you to use your phone to pay for your shopping, but is it safe?

The new iPhone 6 has something called "Apple Pay." It lets you store and use your credit cards just by scanning your phone.

The technology that sends your money from the phone to the register is called Near Field Communication, or NFC for short. It's basically an antenna inside your phone that delivers short, encrypted radio waves with payment data. Many Android devices already have it.

Tech expercts say NFC payment systems are a lot safer than the credit cards we use today. It's also much harder to steal data with NFC.

Your phone doesn't give up your credit card number. Instead, it creates a one-time used code that gets approved by the bank for every transaction. That means if hackers manage to hack their way into a store and grab this payment data, it's useless to them because each code can only be used once.

What if someone steals your phone? All you hve to do then is log into Apple's website and you can instantly wipe all the credit cards off of your stolen device remotely.

You can't do that with a wallet. If you lose the wallet, you have to call the bank with each and every card to cancel that card.
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