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Apple Inc. unveiled a watch, two larger iPhones and a mobile payments service Tuesday as Chief Executive Officer Tim Cook seeks to revive the technology company's reputation as a wellspring of innovation.In a rare move for the company, Apple had planned on livecasting its entire event online, with a simultaneous translation in Chinese.Ben Milne, the CEO of Internet payment network Dwolla, said Apple had created a smooth user experience with Apple Pay, but wanted to hear a lot more about how Apple will tackle the aging payments infrastructure."The old architecture that payments are driven on is not up to snuff for the future they want to build," Milne said. He added that Apple Pay will get some level of mass adoption based on the number of iPhones out there, but Apple will have to tackle the high costs of payment processing to make its new feature more widespread.
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