“Alibaba CEO Jack Ma created a stir at a technology conference Monday night when he expressed interest in partnering with Apple on its new payments system, Apple Pay,” John Mason reports for TheStreet. “Alibaba — the Chinese Internet giant that recently went public in the U.S. — has its own payments system, Alipay, with some 300 million users. Apple just entered the payments market a week ago. Tying Apple Pay with Alibaba would create a massive new electronic payments system that could transform the fledgling industry.”
“Apple CEO Tim Cook, who was also at the conference, said he would talk with Ma soon about joining forces. Cook also announced that more than one million credit cards were activated with Apple Pay within the first 72 hours the service was open to the public,” Mason reports. “The important part of Cook’s announcement is that the response to Apple Pay seemed to be overwhelming. That’s what is needed to spur the latest technology onwards.”
“Apple has almost a cult following. No other maker of computer applications has such a large group to true believers,” Mason opines. “Just because Apple does something immediately draws a large crowd of the faithful.”
MacDailyNews Take: You know, like Ping.
“This group of followers tends to be young and tech-savvy. They represent the next generation. They point to what the future is going to look like,” Mason writes. “Still, there hasn’t been quite enough buzz yet. But now, it seems as if that buzz has arrived with Apple Pay…”
Read more in the full article here.
MacDailyNews Take: In just one week, Apple Pay has already facilitated more transactions than all other ‘contact less’ payment methods combined! (Which shows how much of an epic faceplant Google Wallet has been; released over three years ago on September 19, 2011.)
Boycott CVS and Rite Aid and any other company that willfully turns off NFC in a effort to block the vastly more secure, much more private, and far easier-to-use Apple Pay service.
• Email complaints to CVS Customer Relations here.
• Email complaints to Rite Aid Customer Relations here.
Related articles:
In one week, Apple Pay already No. 1; used more than all other mobile payment systems combined – October 28, 2014
Alibaba’s Jack Ma says open to working with Apple on Apple Pay – October 28, 2014
Tim Cook blasts CVS, Rite Aid over Apple Pay blockade: ‘You only are relevant if your customers love you’ – October 28, 2014
Seeking personal data, Walmart, Best Buy, and others won’t let shoppers enjoy Apple Pay privacy – October 27, 2014
Boycott CVS and Rite Aid – October 27, 2014
Bad business: CVS and Rite Aid antagonize their most well-heeled customers by blocking Apple Pay – October 27, 2014
CVS stores reportedly disabling NFC to shut down Apple Pay – October 25, 2014
iPhone users earn significantly more than those who settle for Android phones – October 8, 2014
Yet more proof that Android is for poor people – June 27, 2014
More proof that Android is for poor people – May 13, 2014
Apple’s iOS dominates in richer countries, Android in poorer regions – March 25, 2014
Twitter heat map shows iPhone use by the affluent, Android by the poor – June 20, 2013
iPhone users smarter, richer than Android phone users – August 16, 2011
Yankee Group: Apple iPhone owners shop more, buy more, remain more loyal vs. other device users – July 20, 2010
Do we really know how secure Apple Pay is or are we simply buying in to what we are told to believe? As we know for every effort to create a secured environment, there are 1000’s upon 1000’s of ill willed people who with try to hack it. Just a question. The claim to security is never truly substantiated until tested.
As it stands only 45% of American use an iPhone and who knows what the percentage is of folks who use compatible iPhone 6 or 6 Plus?
In the end, Apple Pay has put Apple in a space which comes with incredible vulnerability and I can only wish them well. If Apple Pay ever does get breached this could send Apple into an uncontrollable tail spin.
The Titanic was unsinkable… so they thought. 🙂
You know… there are many, many articles on the web describing how ApplePay works and why it is more secure than other payment methods.
ApplePay is basically just a protocol, it’s not a service with servers holding your data – there’s nothing to “breach”. The ONLY time a credit number is ever transferred is when it is initially added to your phone and verified. It is not stored anywhere except with the company that issued you the card.
Hey, “Sargent”, we could care less about how your Nickers are in a bunch about Apple Pay. What we really want to know is how much Goulgal/Scamscum paying you to AstroTurf this site?
ApplePay is really nothing new. In fact, it’s almost just a brand. MasterCard and Visa have been trying to convince the American public to adopt contactless NFC chip cards. Americans are notorious for being hard to change. It’s always a case of “WHY should I?”
This isn’t a bad thing, it’s just a reality. From a Store RFID reader, ApplePay is essentially just the same tested tech that Mastercard’s PayPass and Visa’s PayWave use. It’s just branded as ApplePay. On the phone itself, Apple does some fancy stuff that generated a new credit card each time you use it.
ApplePay is part of a larger picture of digital currency. It’s using the Credit card companies as a broker for the time being, but that could be anyone, in reality.
It’s not anonymous payment, but but it IS private payment. In other words, private between only your bank (or cc company) and you. You can more easily regulate privacy with banks. Much harder to enforce privacy with retailers.
ApplePay has the convenience of digital currency and close to the anonymity of cash. THAT is why retailers don’t like it. It takes away some of their power.
So. It the same as your average NFC card then. Those bit that you say are different make a very big difference to the security. As for th idiot Sergeant going on about a breach sending Apple into a tail spin well that hasn’t happened to previous less secure cards as yet so it would likely be a Knock but that’s all as no system wide breach seems possible with the system developed.
Sargent is talking about TITANIC! the unsinkable ship that shank. ENIAC is pretty sinkable too but they never tried it.
Apple Pay will make me get my first iPhone.
I think we’re a little past this “cult following” shit. Apple creates things that people want to use in ways people want to use them.
Right. The facts: Apple makes very high quality products, people find they are extremely useful, and security is excellent.
Cult indeed!
I’ll take that a step farther and say Apple does make better, easy to use, quality products that all work together and provide excellent service to keep things working into the future. Where the Samsung’s and Dells of the world sell you a product with a taillight guarantee. Getting service from them takes an interpreter and several hours on the phone to come to a point as to where you will need to ship out your product for six weeks for service before you get it back. No local direct service is available unless you take it to a Best Buy or Microsoft store which will charge you just to talk to them let alone do a repair.
These guys have to call the called because they have no other way to understand it.
In a way, the PC industry is helping Apple to sell computers. They strive to make the cheapest possible junk. Corporations force their employees to use these things. People compare these to the really nice iPads and iPhones they have at home and decide that Apple makes really good stuff. So they go out and buy an Apple desktop or laptop computer. Thank you Dell.
Another fact from my 24-year Apple-only relationship: Although the sticker price can be high, the TCO of Apple products – the meaningful cost measure – has ALWAYS been less that the “competition” (Windows, Dell, HP, etc.).
Boycott CVS and Rite Aid and any other company that willfully turns off NFC in a effort to block the vastly more secure, much more private, and far easier-to-use Apple Pay service.
• Email complaints to CVS Customer Relations here.
• Email complaints to Rite Aid Customer Relations here.
So let me get this straight, You don’t want us to use CVS and Rite Aid because they use our personal info. Yet you include links to do just exactly that to complain to them?
While I can see the irony, you could use a bogus email address. Or better yet, use the email address of someone you don’t like. 😉
point taken
This article is kind of insulting. Insinuating a leap in adoption is not based on merit but instead, on faith or in his words, cult following.
My choice to add a CC to Apple Pay was not because I am a believer, which I hate that term, but because I like what I saw, a privacy concerned payment system that produces a firewalled VPN link between my CC and my bank. This is incredible, not a miracle.