Going About the Use of Apple Pay

Apple announces its ‘Apple Pay’ program, an easy, secure and private to way to pay using iPhone 6 and 6 plus.

Apple-Pay

What is Apple Pay?

Apple Pay is a mobile payment and digital wallet service by Apple Inc. that lets users make payments using the iPhone 6, iPhone 6 Plus and Apple Watch-compatible devices.

Would it work with the Apple new iPads (Air 2 and Mini 3)? Definitely yes,  but only for in-app purchases. However, you would need the new phones to pay at retail.

Apple looks to selling new phones and tablets hoping its new mobile system of payments would stimulate users enough to upgrade, never minding the network of 500 million iPhones sold in 2007.

Payments can be made using MasterCard, Visa, and American Express; these payments would be accepted at any of the 220,000 retail locations. McDonald’s, Macy’s, Chevron gas stations, Walgreens and Panera Bread are just some of the retailers we are talking about here.

Isn’t this development a relieving one? Consider the security, it improves since no necessary third party or waiters or valets need to access your credit card information. Just slide out your phone where you would have been looking for some credit card in your purse.

I guess at this junction I should introduce to you the Apple Pay program and how to get started:

Firstly, to allow your new phone work with Apple Pay, update to iOS8.1, the new version of Apple’s mobile operating system, via the software update tab in the settings section of your Phone.

Next, you can add your credit card or iTunes debit info to the app by using the camera on the Apple device, and scanning your card. On the iPad or iPhone, open Passbook, the so far little-used app that first debuted in 2013 to store tickets, coupons and the like.

Finally, give it a shot on the iPhone with a retailer that works with Apple Pay.

Apps like Airbnb, Groupon, Lyft and Uber are also working with Apple on their apps to accept payment via the phone and tablet, even beyond the 220,000 retail locations earlier mentioned.

Now, to pay, simply hold down the TouchID fingerprint sensor on the Apple device and point it at the Apple Pay reader. At home with the iPad, just use your fingerprint instead of a password.

Some persons ask: what if my phone or tablet is lost? Nothing happens to all your banking and credit info if you respond fast enough.

Using the Find My iPhone app, you can actually put the device in “lost” mode from a computer and suspend Apple Pay.

Tim Bajarin of Creative Strategies, a veteran Apple analyst believes its ok to try the program out. So, what you waiting for? Give it a shot.

He continues saying that, “I don’t think Apple would release this if the privacy and security issue was not solid. However, there could be glitches at the point-of-sales terminals during the initial roll-out, although those NFC-based terminals have worked pretty flawlessly so far.”

Tim’s beliefs still extends to the idea that by the end of the year, Apple’s audience would greatly increase given the already recorded over 500 million iPhone users. Tim even forecasted sales of new iPhone 6 and 6 plus to be about 60 million by the year’s end though Apple pay had only been launched in the US. He goes further to say that, “that would mean that about 30 million of these NFC-based phones would be capable of using Apple Pay this year.” By his estimation, about half of the forecasted sales would be in the US.




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