Eddie Cue: “We are not in the business of collecting your data.” No transaction data is kept by Apple, and merchants don’t get card info.

When you add a credit card, Apple creates a new ID for each card, and uses one time tokens for each transaction. #ygmd #AppleEvent

ApplePay uses NFC and TouchID, plus Secure Element, along with PassBook. New cards are added by taking photos of cards. #ygmd #AppleEvent

The new payment process is ApplePay, which appears to be a standard NFC swipe. #ygmd #AppleEvent

This year’s keynote uses videos to make points. Tim just used one to convince the audience that credit cards are insecure. #ygma #AppleEvent

Tim Cook now all about the wallet, a totally new category of wallet, which he wants to replace. #ygmd #AppleEvent

New pricing: 16GB iPhone 6: $199, 64GB $299, and 128GB $399; iPhone 6+ 16GB $299, 64GB $399, 128GB, $499. #ygmd #AppleEvent. Ship Sep 19.

One feature on iPhone 6+ not on iPhone 6: it has optical image stabilization instead of just digital. #ygmd #AppleEvent

New iPhone cameras have phase detection autofocus. #ygmd #AppleEvent

New iPhones also have WiFi calling. #ygmd #AppleEvent