Last year, Apple CEO Tim Cook revealed the ability to buy things using just your phone — a tap-and-pay system called Apple Pay. Today, he announced that the number of places accepting Apple Pay has tripled to over 700,000, including vending machines. To access the new mobile payment software, you must have an iPhone 6 or 6 Plus and at least iOS 8.1.
Here's what else you need to know about the new mobile payment option: