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Apple Pay, One Year On: Why Hasn't It Caught On?

Oct. 5 -- Apple CEO Tim Cook has called 2015 the "year of Apple Pay." So far it’s been underwhelming. The mobile-payments system, which marks its one-year anniversary this month, has failed to catch on with consumers, accounting for only 1 percent of all retail transactions in the U.S., according to researcher Aite Group. Bloomberg's Adam Satariano has more on "Bloomberg West."