Apple Pay will go live Monday; new iPad will get support for online payments

Gigaom

Apple’s new smartphone payment service Apple Pay will go live on Monday, allowing iPhone 6 and 6 Plus users to make a credit or debit card transaction at 220,000 check-out terminals around the country with a wave of the handset. But Apple Pay won’t just be confined to the new iPhones and forthcoming Apple Watch. The new iPad announced on Thursday will be able to make online transactions linked to Apple Pay, though it won’t be able to make in-store payments.

At its iPad event on Thursday (see our live blog here) [company]Apple[/company] provided a quick update on Apple Pay’s status, announcing its launch date and that 500 more banks. The support of card-issuers is crucial to the payment platform’s success since it means consumers will be able to plug the cards they already have into Apple Pay instead of working with specific banking partners.

Apple Pay won’t just…

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