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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: ggamer who wrote (173806)	9/9/2014 1:54:00 PM
From: Sam	Read Replies (1) \| Respond to of 213177

Apple Pay does sound very cool. And worthwhile, with its security features! With Pay, there's one-touch checkout for e-commerce; there's no card number entry, no typing addresses, no card info shared with the merchant. from a blogger at engadget... [me: pretty impressive stuff!] Brad Molen 1:55 PM Phil's done; I sure like the cut of his jib. Tim's back on stage. Brad Molen 1:55 PM Sephora, Starbucks, Panera Bread and Instacart. Pay is launching in October 2014 as a free update to iOS 8. Brad Molen 1:54 PM Groupon is also onboard; same with Uber, with a feature called "Ride Now," which doesn't require you to open an account with Uber at all. MLB.com At Bat. The Apple online store. And OpenTable. Brad Molen 1:54 PM Target will integrate Pay into their app. "I don't know about you, but I"m checking out Beats headphones." Brad Molen 1:53 PM With Pay, there's one-touch checkout for e-commerce; there's no card number entry, no typing addresses, no card info shared with the merchant. Brad Molen 1:52 PM And Disneyland/Disney World in time for Christmas! Brad Molen 1:52 PM And, naturally, Apple retail stores. Shocker. Brad Molen 1:52 PM Macy's and Bloomingdales; Duane Reade and Walgreens; Staples; Subway; McDonald's (which is also adding Pay to its drive-thru). Whole Foods is included as well! Lots of applause for that. Brad Molen 1:51 PM 220,000 merchant locations. Brad Molen 1:51 PM Quite a few banks are listed as supporting Pay. Brad Molen 1:51 PM Pay starts in the US with Amex, Mastercard and Visa support. Brad Molen 1:51 PM Or your code, or your number. Brad Molen 1:50 PM "Security is at the core of Pay, but so is privacy. We're not in the business of collecting your data." Apple doesn't know what you bought, where you bought it or any other details about the transaction. The cashier doesn't even see your name. Brad Molen 1:50 PM You can also suspend payments from that device if it's lost or stolen, so there's no need to cancel your credit card. Brad Molen 1:50 PM When you add a new card, they don't store the card or give it to the merchant. They use a one-time payment number along with a dynamic security code, so there's no longer a static code on the back of the card. Brad Molen 1:49 PM It works by adding a new card to your iTunes account, and it gets added to Passport. Finally, this is what Passport was designed to do. Brad Molen 1:48 PM They use NFC (Near-Field Communications), Touch ID and a Secure Element chip that stores your encrypted info securely. Brad Molen 1:48 PM Pay is built into the 6 and 6 Plus.

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