Apple has announced a new payment option called Apple Pay. You can pay using your iPhone without need to swipe the credit card. The new iPhone 6 Plus comes with NFC. You just have to swipe iPhone 6 to Pay using Apple Pay.
You can add new card using passbook App. The card number is not stored on the device instead a dynamic security code is given. If your iPhone is lost then you can suspend all the cards through Find My iPhone app. You don’t need to suspend the credit card as iPhone doesn’t store card info.
Many outlets including McDonald, subway, Apple store, Disney and many more will start accepting Apple Pay Payment service.