Apple reports this afternoon.
http://www.nasdaq.com/earnings/report/aapl
As a side note I’ve preferred android but this Apple pay thing has me rethinking. If I understand it right when you use it it doesn’t give your credit card number it leaves a token similar to a purchase order. I like that. Seems like when you use your CC everyone feels compelled to put all your info in their database forever exposing you to them getting hacked at some point in the future. That’s why I don’t buy a lot of stuff online.
hmmm. That really does sound like the way things are going to have to be...
Exactly. Furthermore the details are stored on the phone and never hit the Apple servers or the merchants servers. I think it required touch id as well to use. Apple has agreements with the banks to process as “card present” which is lower fees than “card not present.” It’s pretty innovative and potentially disruptive.