Apple and MasterCard has joined forces to create a new method of payment called Apple pay. You are now able to link your MasterCard's to your iPhone 6 and make payments to vendors. Apple was able to incorporate the new fingerprint scanner feature to make this method of payment secure. This device/ app uses near field technology (NFT) which is not new technology, but it is the first mobile device to have the technology incorporated into it.
This is a great way to understand a consumer's purchase habits. Every purchase will be stored by MasterCard to develop a personal marketing program for that specific individual. This technology connected to your device, will create efficient marketing and meaningful impressions. An algorithm can assist predicting purchasing trends. Coupons and deals can be sent directly to the consumer via email.
I personally think this genius. This will streamline marketing and create meaningful impressions. This will change the way we purchase and sell goods.