Thursday, October 23, 2014

Apple Pay & How Bobby Jain May Assess Its Future

By Rebecca Mills


Just about everyone who's familiar with technology understands the weight of Apple. Between its lines of computers and mobile devices, Apple has been recognized as one of the leading companies in terms of technological development and very few will be able to argue with such a point. With that said, though, I believe that it is important to recognize the concept of Apple Pay. Many will argue that this particular system has potential and Bobby Jain may agree.

Apple Pay is the company's latest endeavor, as it incorporates a form of payment that seemingly eliminates all others. For example, instead of making a large purchase on your credit card, all you would have to do is present your iPhone 6, as it will have said information placed on it. In addition, Apple Pay will be able to keep information related to your loyalty cards, boarding passes and the like. To say that Apple Pay is inclusive would be nothing short of an understatement.

Expiration dates will be less of a concern as well; this is mostly due to the ways in which the app is built. For those who do not know, when your credit or debit card's expiration date has arrived, Apple Pay will automatically replace the old information with newer details. What this means is that you will not have to worry about making use out of an expired card ever again. It's a strong point, to say the least, though one has to wonder what Bobby Jain and others will have to offer in terms of critique.

According to companies along the lines of Robert Jain Credit Suisse, digital payment methods are nothing new. In fact, with bitcoins and other potential methods brought into effect, Apple Pay's integration should not come as any surprise. In fact, it serves as another useful component added to smartphones, which already house everything from social media information to games. Even though the incorporation of payment methods is strong, consumer care will still be stressed by Bobby Jain.

It goes without saying that financial information can be compromised without the right level of care set in place. In the case of Apple Pay, iPhone 6 consumers have to make it a point to keep their devices on them at all times, which goes without saying. However, the device itself has its own security measures, which means that it's important to take advantage of these. When it comes to not only payment methods but digital belongings, one can never be too careful.




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