I-Team: iPhone Security Questions

CHICAGO (WLS) -- People will be able to start placing orders for the new iPhone 6 and 6 Plus by Friday and just a week later they may be able to actually get one.

But consumer and security experts tell the I-Team there may be some questions and uncertainty about one new feature.

One of the updated features for the new iPhone will be a feature to use your phone as a wallet. Under an agreement with American Express, Visa and MasterCard, you'll eventually be able to store credit cards on your phone and make transactions a breeze.

But one security analyst at Chicago's Trustwave tells the I-Team there are concerns.

"Apple was saying taking a picture of your credit card and send it off to Apple, where that card information is stored on your phone," said Trustwave's Christopher Carlis. "Is it stored securely? How is it transmitted, is that secure? Most likely it is but until it is tested by third parties we won't know."

But it could be a safer way to pay, requiring consumers to use fingerprint technology during the transaction. There is also "tokenization," meaning a different account number would actually show up on your phone, as well as a rotating code as you make purchases.

"Instead of saying here's my credit card number, they say here's a different number that on the back end will correlate with your numbers and purchases can be made," Carlis explains.

A credit card industry analyst from CreditCards.com told the I-Team via skype that consumers are still fearful of data breaches and hackers and users will need to be convinced.

"What our survey found is six in 10 Americans say they never do that or they hardly ever do that," said Matt Schultz of CreditCards.com, "and that is a lot of people, so it is a sign that there may be a little bit of reluctance to embrace that mobile payment."

Another warning: as a new operating system is made available there will be more people trying to "jailbreak" into their phones, which allows them to download non-Apple licensed apps and products. That can open you up to security issues and breaches.

Security analysts also tell the I-Team that overall Apple is known for putting out a polished product, so you shouldn't worry too much about any so called bugs with the phone or the operating system. Just keep installing those updates to the operating system when promoted.

For more details on the iPhone 6 and 6 Plus, ApplePay and AppleWatch, click here.