The $62 billion Navy Federal Credit Union announced Monday its support for Apple Computer's new Apple Pay mobile retail payment system.

Apple Pay was introduced to the world Sept. 9 with the launch of the iPhone 6 and related devices. It is based on near-field communication technology built into the iPhone 6. It's estimated that tens of millions of Apple Pay-enabled devices have already been sold.

"We're excited to make this new service available to our members starting today," Randy Hopper, vice president of credit cards and business optimization at Navy Federal, said. "Our members live fast-paced and mobile lives. And, they have enthusiastically adopted our mobile banking solutions."

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