Well, as you may have noticed Internet Chain readers, despite not being a big fan of Apple,there is news about the company all the time because they always have something interesting to talk about or in my case writing.So today the news is the Apple Pay.
What is Apple Pay?
Apple Pay is a mobile payment system and digital wallet obviously developed by Apple Inc. that allows payments using iPhone 6, iPhone 6 Plus, Watch Apple compatible devices (iPhone 5 and later models), iPad 2 and iPad Air Mini 3 . Pay Apple does not require terminals under contract with Apple and works specifically with the terminals Visa payWave, MasterCard PayPass and American Express ExpressPay.
What it does
The payment system allows certain Apple phones make payments online retail stores.The intention of the company is to scan and replace the credit card or debit card magnetic stripe on credit card terminals (long card, right?).
The service lets devices communicate wirelessly with Apple outlets using a near-field communication (NFC in English) of antenna, a “dedicated chip that stores encrypted payment” and Passbook Touch and Apple ID.
As I explained above, it is comptable with iPhone 6, iPhone 6 Plus and the Smart Watch . Users of iPhone 5, 5C and 5S can use the service through one of its smart watches, though the clock has the added touch secure identification.
Pay Apple system maintains information between minority and private client and creates a “dynamic security code that is generated for each transaction” . Apple said it would not track the use , so that the information is between customers, banks and suppliers. For those who lost their phone or had one stolen can stop the service remotely using the Find My iPhone service.
For the launch there were over 200,000 providers including Macy’s and Bloomingdales, Walgreens and Duane Reade pharmacies, Fast food restaurants McDonald’s and Subway, among other retailers (especially US).
To pay online, users choose “Apple Pay” as the payment method and identify with Touch ID. The service now works only for the US but plans to expand to other countries.
What do you think Apple Pay? What else need to know about Apple’s payment system?I liked the initiative and I think it can be very convenient, but only for countries like the US, in other countries these seems to be a fiasco.