Review on Apple Pay by francis fernandez
Apple Pay: closer to blockchain with Apple!
Electronic payment systems are increasingly oriented to provide comfort and security to their users. So much so that they have adapted their platform to the teams closest to the individual: mobile devices.
Apple Pay is a mobile application that allows its users to quickly and easily access a secure payment system using NFC technology on Apple mobile devices.
What makes it stand out from other payment systems?
• Its security, based on the use of a reliable verification mechanism that uses an NFC or SE encryption chip (depending on the Apple device model) linked to credit cards to generate the codes that authorize commercial operations.
In addition, the application requires the digital identification of the user to execute a commercial transaction.
Apple Pay also has within its mobile infrastructure a chip to save the financial history of its user; which is not stored in the device memory.
The combination of these two security mechanisms makes the application free of electronic fraud.
• Privacy in the history of operations of its users
• Used for online purchases, physical stores and networks
• Allows money transfers by courier
• Does not require the use of physical cards
• No PIN required
We can conclude that coupled with its functionality and ease of use; The Apple Pay payment system is a secure mechanism to execute our transactions by simply accessing an authorized iPhone mobile device with our fingerprint, prior registration of credit card numbers and generating the required code.
In such a fast-paced world, having this easy tool at hand is vital for any user.
Pros
- Easy user interface
- Secure payment system
- Form of payment without requiring no exchange of coins
- Instant system
Cons
- Only available in some countries of the world.
- Older iPhone devices require the Apple watch system in order to use the Apple Pay application.
