I am VERY INTERESTED in their new mobile payments platform called ApplePay, which works with the new iPhones.
Using a technology called “near field communications,” or NFC, the new iPhones will be able to interact with payment terminals in a simple tap. Apple has deals in place with the major credit card companies, including American Express, MasterCard and Visa, as well as several major retailers.
Apple touted ApplePay’s security. The company said it doesn’t store your credit card information on your phone — and the number isn’t even given to the merchant.
ApplePay also works with the iPhone’s TouchID sensor — allowing people to pay with a swipe of their fingertips.
Apple also said ApplePay is convenient. It already has your credit card information and address associated with your iPhone account — when you pay for something, you can just touch the TouchID sensor and have items shipped to you.
(Ahhh... but what happens on your phone gets stolen?)
What could go wrong?
that price is good
i enjoyed mine iphone5 for awhile, until i realized that i need a bigger screen, and droid were, by now, fast enough.
I’m sure it is all terribly convenient and whatnot, but even if I had a phone with such a feature, I’d never use it.
For instance, when I pay my rent to the landlord, I go to his house and pay it - in cash - personally. Once a month, on the 15th.
We have a beer and shoot the bull a little; sometimes, we go to a nearby pub and play darts. He doesn’t mind at all - he said he appreciates the human touch in our era of high technology, which he himself enjoys greatly nonetheless, as do I.
But the human touch is indeed always appreciated.
I think that the new deactivation protocols protect your stuff if the phone gets stolen - in other words, it’s not like they’ve stolen your whole ID. They obviously don’t have your fingerprint, for one thing...
That said, it sounds interesting. I didn’t know they had this. In my opinion, their cloud stuff is not as good as Google services, but some of their phone apps (such as Passbook) are very good.
Might as well make an appointment at the nearest Ethical Suicide Parlor.
Is Applepay's Security done by the same group who secures iCloud?
Just sayin'...
They addressed the stolen issue:
Go to Find My iPhone and stop all payments on that device. You can still use other devices to pay from those accounts but it shuts down that one iPhone.