Review on Apple Pay by Adedamola Adeniji
Apple Pay Provides iPhone Users With Limitless Payment on POS Terminals At Affordable fees
Apple Pay is a mobile payment and digital wallet service from Apple Inc. It was released to the public in 2014 allowing users of iPhone devices make payments in person on iOS apps and on web via Safari
Apple devices like iPhone, wrist watches iPad and Mac can be used to access Apple Pay services. With it you can do away with your credit and debit cards, chip and pin alike at POS
It just does not work with Apple Pay supported contactless payment spots but also with all marchants that run contactless payment services
Apple pay communicates wirelessly with POS via near field communication (NFC) coupled with an embedded secure element (eSE) which ensures the security of your payment data and other cryptographic duties of Touch ID, Face ID and biometric validation
Apple pay is available in over countries of the world supporting international payment at that level like American Express, Visa, Electron and VPay, and Master Card to mention just a few, as well as country specific payment system like Japan's JCB, China's Union pay, Saudi Arabia's Mada among others
Your transportation needs too can be met by Apple Pay via your open loop or through dedicated travel card like your JR East's Suica, the Chicago Transit Authority etc.
It can store more than 10 payment card and it being equipped with EMV payment tokenization specification I discovered that users privacy is highly guaranteed and also you are protected against leak of sensitive information, because Apple pay replaces FPAN with tokenized DPAN which generates dynamic security code.
Authentication is piece of cake with Apple Pay just hold your authenticated Apple device to the POS systems' NFC card reader while iPhone users do theirs via Touch ID and Face ID or passcode.
For users with Apple wrist watches you are just to click away to be validated.
Adding your payment cards to service can be achieved in four ways:
1. With your payment card enlisted in iTunes.
2. Snap your card picture.
3. Make use of your provision via users app.
4. You can manually enter your card information
On Apple Pay you have access to limitless payment contrary to the limitations we encounter with traditional financial institutions contactless payment cards
I am well aware that Apple Pay fees vary from country to country but no charges so far no fee as reached 1 percent on purchase or added charges
If you are an iPhone users I recommend Apple Pay to you as your best and easiest option for payment on digital
Pros
- On Apple Pay, Users privacies are guaranteed with less risk of fraud.
- Relatively cheap fees though it varies from country to country.
- It has a frictionless wireless communication with POS terminals, that is very fast.
- Users have access to unlimited payment as againt the practice in traditional financial institutions, because there is no authentication requirement for payment.
Cons
- Service not available in Any African country.
