Apple Pay: Yet another game-changing revolution from Apple as the digital wallet pays up

“It’s rare to have a moment of technological revelation in McDonald’s. But it was there among the Big Macs that I realised how Apple Pay, the iPhone’s new digital wallet, could really change things,” Tim Bradshaw reports for The Financial Times. “After just three days of testing, I feel confident that Apple Pay can succeed where other mobile wallets have failed. Thanks to its own stores and its clout with other retailers, Apple can educate consumers about a new technology better than any other company.”

“That’s the revelation: very soon, paying with a smartphone could be as normal as French fries. ‘I just want to get rid of my wallet,’ says another iPhone 6 owner in the queue, although he has not worked out what to do with his driver’s licence,” Bradshaw reports. “Apple Pay feels more secure than swiping a regular credit card. After scanning a card, Apple says, it does not store the number itself, but creates an account number kept on a “secure element” in the iPhone. The fewer places that a credit card number ends up, the fewer opportunities there are for hackers to steal it.”

Read more in the full article here.

Related articles:
Shopping with Apple Pay: Convenient, problem-free and even fun – October 21, 2014
McDonald’s: Decision to support Apple Pay was easy – October 20, 2014
Apple Pay launches today and retail will never be the same – October 20, 2014

14 Comments

  1. It will also be great when receipts will be emailed, rather than printed on paper. I can see this being much easier to implement with Apple Pay. Apple has been doing this for sometime at their stores, Home Depot has also offered this feature. I absolutely HATE paper.

      1. This is something I wish Starbucks would implement sooner rather than later. It’s not as much needed at a spot like Dunkin’ Donuts, but some of the orders in front of me at Starbucks require being written on a lengthy scroll.

    1. I’m still waiting to receive the iPhone 6 Plus which I ordered over four weeks ago, so I’m not exactly sure if this can be done but, if not, the following is needed:

      1. Detailed receipts on the device in a central location.

      2. Each receipt should contain date, store, names of all items purchased, amount of each item, discounts applied, etc.

      3. The items on the receipt should be accessable by budgeting apps. For example, a pair of shoes would go under clothes – subheading: shoes.

      4. All items like date of purchase, item name, store, etc. should be searchable. For example, if the item “bacon” is entered into the search field a sortable list of every bacon purchase should appear. The fields to sort should be date purchased, price, store, etc.

      5. Option to receive discount alerts on items that were previously purchased. For example, if bacon was previously purchased from Walmart, Publix and Joe’s Delicious Meats and Joe was offering a two dollar discount on bacon the device would recieve an alert.

    1. When is the last time the battery was low on your DL? “Sorry Officer, I’ll be able to show you my DL and insurance card in about 20 minutes, as soon as my iPhone has enough juice to start being fully functional again.” Never going to fly.

      Plus it would give law enforcement a built in way to demand access to your iPhone. Maybe a little too convenient.

  2. Among the many requirements to deploying successful technologies – don’t listen to self-important tech bloggers who spout “they know better than Apple” non-sense. I always wonder if they knew so much about technology, how come they are reduced to writing click baiting blogs instead of actually running a high tech company or as the article says creating revolutions.

  3. Among the many requirements to deploying successful technologies – don’t listen to self-important tech bloggers who spout “they know better than Apple” non-sense. I always wonder if they are such experts, how come they are reduced to writing click baiting blogs instead of actually running a high tech company or as the article says creating revolutions.

      1. “If that’s important to you.” My bank is okay. ApplePay is one thing, I can wait. I have other cards anyway. I just wanted to let them know I am expecting them to come up to the feature and support it.

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