“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.
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