CNY Central Asks Rescuecom CEO About Apple Pay

CNY Central Talks About Apple Pay's Impact

Apple Pay: Is cash and credit a thing of the past?

CNYCentral.com
October 27, 2014


Apple debuted its new payment system, apple pay back in September that would allow customers to buy things by just holding their iPhone 6 or iPhone 6-plus devices up to readers installed by store merchants. This has left some to wonder will this eventually replace cash and credit cards and just how safe is it?

Apple calls it 'your wallet without the wallet.'

"So, this idea behind taking your credit card information and the merchant that you're at; mixing it together to create a number that allows the credit card company to process only that," says David Milman, CEO of Rescuecom.

Stores like Wegmans, Petco, Babies R Us, Panera Bread, Subway, McDonald's and many more are hopping on the virtual bandwagon. They're teaming up with Apple to install apple pay.

If you have the newest iPhone, you can tap your phone onto the apple pay device at checkout without dipping into your pocket. But, are shoppers ready to take the plunge?

"I'd love to carry something like that. It's quick, easy, and you don't have to carry around all that money," says Shelby Platten.

"I would probably consider it after it has been used for awhile," says Valerie Downs.

Whether you're dedicated to your phone or glued to your wallet, tech expert David Milman says pairing your iPhone with your credit card information is the way of the future.

"Today, it's a small market. Relatively, small. But, I heard forecast numbers upwards of 90 billion dollars a year for mobile payments right from your phone. And, its going to happen because it's more secure than handing over a piece of plastic," says Milman.

But, what if you lose your iPhone? Where does all your credit card information go? There's something called "Find my iPhone." It will actually put your phone into lost mode which can suspend apple pay. That means your information is safe and secure.

CVS and Rite Aid have disabled the new apple pay electronic system from their stores over the weekend. According to reports the companies have disabled apple pay because they have plans to build their own payment systems.

Google Reviews

Valley View Self Storage
Valley View Self Storage
2 weeks ago
We highly recommend Rescuecom Corporation. We needed immediate help with our office computer and ge
...We highly recommend Rescuecom Corporation. We needed immediate help with our office computer and getting us back up and running they were very through and great to work with. less
Tod Baseden
Tod Baseden
3 weeks ago
Awesome tech support went above and beyond. I highly recommend going with Resuecom. Roy killed it!
...Awesome tech support went above and beyond. I highly recommend going with Resuecom. Roy killed it! less
Nicole Gray
Nicole Gray
2 months ago
I am so thankful for Rescuecom for saving my computer and my sanity. I spent a week trying to remove
...I am so thankful for Rescuecom for saving my computer and my sanity. I spent a week trying to remove viruses from my computer with a program I bought online that promised 24/7 premium customer service and that was a lie. This company is the real deal. I received immediate help, within a minute of me signing up and David was very kind and knowledgeable and once my computer finished its scan 7 hrs later I immediately received another call from Roy to complete the next step. All I had to do was give him access to my computer and he did the rest of the work while I did other things. He called me as soon as he was done and then went over everything with me and helped me with issues I was having with my gmail account. Exemplary customer service and highly skilled technicians and peace of mind for me, I am extremely grateful and I am now a customer for life! less
robert hand
robert hand
2 months ago
I am thoroughly impressed with this company. The attention to detail, a high level of professionalis
...I am thoroughly impressed with this company. The attention to detail, a high level of professionalism, and sticking with some rather pesky problems until both the technician and I were satisfied with the results. Bravo! less
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