From his lips to your ears. It’s official. Tim Cook, Apple CEO, said that Apple Pay with be released on Monday (Oct. 20) along with the iOS 8.1 update. Apple Pay will be available on the new iPhone 6 and 6 Plus via Passbook and the service will also work on the new iPad Air 2 and iPad Mini 3 devices, which were unveiled today at the special event held at the Apple campus in Cupertino. “We think it is going to be profound. It’s going to change the way we pay for things,” said Cook. Apple says that the new service is safe and secure because it utilizes tokenization and strips away any vulnerabilities, instead of transmitting credit card numbers and security codes. Cook made sure to note that “It’s easy, it’s secure and yes, it’s a private way to pay for things.” Since the company already lets about 800 million+ users buy music, books and applications via iTunes (which is linked to a credit card), expanding to mobile payments seemed like a natural and feasible sh...