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Transcripts For BLOOMBERG Bloomberg Bottom Line 20150213

Merchant, and her bank. We dont know your credit card number, or what you bought. Or how much you paid. And we dont want to. Three month after we launched, over 2000 banks have signed on to bring apple pay to millions of their customers. And today, we are excited to announce that beginning in september, apple pay will be available for many transactions with the federal government. Like, for example when you pay for admission to your favorite national park. We are also working to make sure credit and procurement cards issued to Government Employees for expenses can be used with apple pay. We are working on initiatives with leading banks and networks to use this technology with benefit programs like Social Security and veterans pensions that serve citizens at both the state and federal levels. We can imagine a day in the not so distant future, when your wallet becomes a remnant of the past. Your passport, your drivers license, and other Important Documents can be digitally stored in a wa

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