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

Michael Bender
Michael Bender
a week ago
The most awesome professional service. They fixed major issues
...The most awesome professional service. They fixed major issues less
Joyce Kelly
Joyce Kelly
a month ago
What a great experience I had with Roy tonight! My computer was hacked and he worked through gettin
...What a great experience I had with Roy tonight! My computer was hacked and he worked through getting everything restored with great competence and we had a great time chatting as we got through it. He also gave me some great tips on keeping my personal information safe, which I greatly appreciated. I also had the pleasure of speaking with David Millner and he assured me from the start that they would fix the problem and they have! I have truly enjoyed this first experience with this company and hope I have many more! less
James Skaggs
James Skaggs
2 months ago
In my conversations with David & Roy, (very professional in knowledge and listening to my compla
...In my conversations with David ~amp~ Roy, (very professional in knowledge and listening to my complaint and solving it to a very professional level is OUTSTANDING! My hat is off to these folks. I highly recommend them to anyone that has a computer problem/s. less
David Kisyua
David Kisyua
4 months ago
very professional, efficient, excellent quality serviceI highly recommend David Milman and his team
...very professional, efficient, excellent quality serviceI highly recommend David Milman and his team without reservations. less
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