Subscribe to RSS

Apple Pay: iPhone 6 maker enters mobile payments realm

Apple Pay mobile payment system launched

Another big announcement Apple made today is the company’s leap into mobile payments. Apple Pay makes use of NFC technology for contact-free payments and is available in iPhone 6 and iPhone 6 Plus in the form of a dedicated chip called Secure Element.

The system integrates with Apple’s Passbook app, which was originally launched with iOS 7, as well as with Touch ID for added security. Users will set up and manage their Apple Pay accounts through iTunes.

Since Apple Pay makes use of a mobile payment technology that is already available worldwide, merchants do not have to worry about acquiring a new system just to accommodate payments made through the new iPhones and the Apple Watch. In the US, over 220,000 merchants currently accept contactless payments, and Apple has partnered up with big brands including Macy’s, Walgreens, Staples, and McDonald’s.

Apple insists that the company will not collect any personal data from payments made through Apple Pay.

To keep your credit and debit cards secure, Apple Pay makes use of one-time unique numbers used specifically for each transaction. Apple explains: “The actual card numbers are not stored on the device nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your iPhone or Apple Watch. Each transaction is authorized with a one-time unique number using your Device Account Number and instead of using the security code from the back of your card, Apple Pay creates a dynamic security code to securely validate each transaction.”

Source: ZDNet

0 comments



Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

The Cat S31 Smartphone Is Tough Enough

The Cat S31 Smartphone Is Tough Enough(0)

14Some people prefer having the latest smartphone available. There are also others who prefer smartphones that last. A rugged smartphone may not appeal to many consumers, but there is a segment of them that want to have a smartphone that is tougher than most. The new Cat S31 smartphone belongs into this category. The Cat

Lycan Powerbox Portable Solar Generator

Lycan Powerbox Portable Solar Generator(0)

The need for power has continued to increase year after year. With a majority of the power in cities generated from fossil fuels, not only are they polluting, they are also a limited fuel source. There will come a time when the fuel supply will not be able to  address the increasing demand for power.

Feel Safer With The iMaxAlarm Personal Security Device

Feel Safer With The iMaxAlarm Personal Security Device(0)

Personal security seems to be an important thing for many people today. People need to feel safer as the safety threats abound in their surroundings. Possible robberies and assault are some of the things that more people are getting concerned about. There are ways to protect oneself from such threats. One of them is by

Hydra Light Produces Power With Water

Hydra Light Produces Power With Water(0)

There are people who are always interested in surviving off the grid. City folks have grown accustomed to the conveniences of the city- electricity, running water, supermarkets, etc. – that they have taken all these for granted. In cases where an event causes one or all of these conveniences to break down, most of these

Huawei Matebook Tablet

Huawei Matebook Tablet(0)

28The market for portable gadgets has become quite big. The launch of smaller yet powerful devices has gotten the attention of many people. From smartphones to tablets and notebooks, people continue to look for portability as an appealing feature.  When it comes to different portable devices, those that offer dual features usually get some attention,

read more


Contacts and information

Social networks

Most popular categories

Buy This Theme
В© 2011 Gadgetine Wordpress theme by orange-themes.com All rights