Gamers/Techys
Well here is the first technology post we have created and why not do it about the new Apple Pay.
If you have a contactless card then the concept of this payment is basically the same as that, but other than using your card you can use your iphone well iphone 6, 6plus and apple watch.
The cap limit like on contactless card payments is £20 and will increase to £30 in september. Apple plan to install special terminals in stores that have fingerprint scanners to allow for bigger purchases.
How does it work?
Apple pay is a wallet a digital wallet like paypal. It lets you use the cards that are stored in your Passbook app. You can use this online or instore. Unlike contactless however Apple pay have a little more security as it use a token feature for example if you go into a store and pay contactless with a card it will pass your details onto the supplier. However Apple gives the supplier a token without giving them your details allowing them to use that token only once. Using the finger scanner the payments are approved by the user's fingerprint making the Apple pay in my opinion safer than contactless as anyone can use your contactless card but Apple pay unless they have your hand which would be very unfortunate to lose a hand and a phone on the same day they can't use it.
Most of the big banks are getting involved HSBC,Santander, Natwest, RBS,Lloyds but there is a issue with Barclays and they are still trying to "figure things out"
Most of the retailers that use contactless will also accept the Apple pay. Online however the concept is like Paypal and can be used to pay for things securely. The list of online retailers are slowly increasing so be sure to check before you try and purchase online, chances are they are going to be alot of online stores getting involved once this kicks off and the amount of people that love Apple im sure that it will.
So to conclude i think this is a safer way to pay with contactless then the actual contactless card and the online service is basically Apple Paypal so how that will catch on I don't know.
What do you guys think?
Will you be using this service?
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