Posts tagged "Mobile Wallet"

Apple Pay Makes Mobile Payments Sexy; But Secure?

[youtube http://www.youtube.com/watch?v=aVqJBizL90Y&rel=0]

Is Apple Pay going to be secure?

Apple has us ooing and ahhing about the iPhone 6, it’s big brother the 6+ and finally the Apple Watch. But the biggest announcement of all didn’t even have to do with gadgets. The most significant announcement was about a new service that will be built into those devices…

It is Apple Pay, Apple’s own version of a “mobile wallet” that will allow Apple users to pay for items with just a tap or wave of their device. That is if those items happen to be in stores that have agreed to install the technology necessary to allow near-field communication (NFC – no not the football conference, the radio-wave technology) to work. Of course, Apple has done the background work to ensure a lot of big names (MC, Visa, AMEX and retailers such as Target, Macy’s and McDonald’s to name a few) are already on board, which is a significant mark in their favor.  And with the upcoming mandatory implementation of EMV technology, Apple may have just timed this perfectly.

Posted in Cyber Data Security, Identity Theft Prevention, Sileo In the News by Identity Theft Speaker .
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