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Apple Pay is expected to arrive on November 7, according to the USAA.

by iNeate / October 12, 2014 2:53 PM EDT

As Apple's big event draws nearer , more rumors from reliable sources surface regarding the Apple Pay mobile payment system . Now, the USAA has confirmed that its Visa and MasterCard cardholders will be able to make transactions with the company's new system starting November 7th.

This would be one more of the companies or partners related to Apple Pay that are giving more information about the arrival of the mobile transaction system, as Walgreens and other chains have done previously ; however, those in Cupertino have not made any statements about it and it seems that they will not do so until October 16.

apple pay

One of the features that makes payment systems like Apple Pay more secure is that the system generates a unique identifier for each purchase made using Touch ID, which prevents any possible fraud.

Apple has also confirmed that no user information will be recorded or stored on its systems, but banks will still be able to access purchase information as they always have. This makes more sense in light of the initial statements made about the system, which asserted that no information whatsoever would be stored.

Some of Apple's partners in its mobile payment system include American Express, Bank of America, Barclays, Chase, Capital One, Citi, PNC, Navy Federal Credit Union, US Bank, Wells Fargo, and USAA.