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

June Eichbaum
June Eichbaum
a week ago
Thank you Rescuecom! After months of constantly fluctuating size and scale of fonts and photos on m
...Thank you Rescuecom! After months of constantly fluctuating size and scale of fonts and photos on my Windows 10 laptop, and several calls to Microsoft support that could not find the source of the problem, I was fortunate to find David Milman and Roy Hickman at Rescuecom Corporation. Their expertise, professionalism, deep knowledge base and ability to identify the root cause of my problems has made me a loyal customer. Thank you, Roy and David!! I recommend you without hesitation! You are the best! June less
Gregg Vorwerck
Gregg Vorwerck
2 weeks ago
Roy Hickman was extremely professional, responsive and very clear in his communications. Very much
...Roy Hickman was extremely professional, responsive and very clear in his communications. Very much appreciated. less
Jim White
Jim White
2 weeks ago
I have been with Rescuecom for 10 years and Tonight they brought me back up to speed on my Windows 1
...I have been with Rescuecom for 10 years and Tonight they brought me back up to speed on my Windows 10 updates to keep my computer current and up to date and I can always depend on them to keep the computer running it's best. less
David Edwards
David Edwards
2 weeks ago
I am glad that I found Rescuecom thru doing a Google Search and they were Very helpful working throu
...I am glad that I found Rescuecom thru doing a Google Search and they were Very helpful working through more than a few problems. less
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