It wasn’t that long ago that card payment took over from cash payments and it became a whole lot easier to spend your hard earned cash- We’ve all done it..
It was even less time ago that contactless payment came about & it has been made even easier to depart with your cash- But now with Apple Pay all you need is your phone to make a payment..
As we’re all Apple geeks here at the WeBuyAnyElectronics office we’ve done our own research & we’re going to share with you everything you need to know about Apple Pay-
How do I use it?
Simple, all you need to do is enter your card details into your Apple device & then confirm it is you making the transaction with a finger print confirmation; you then hold your device up against the payment machine just like a contactless card.
Which banks will support it?
All of the banks above are supporting Apple Pay & those who are not will be sure to catch up to the trend or end up loosing profits
Can anyone with an Apple device us Apple pay?
No, only people with the newest Apple devices can use Apple pay. Such as the iPhone 6 & 6 plus. This is because the two newest handhelds and also the Apple Watch have a thing called near-field communication chips (NFC).
Are there any other restrictions?
Yes, much like the contactless card the limit you can spend at any one time is £20; this will raise to £30 in September.
Also you have to be aged 13 years old older to be eligible to use Apple pay.
Can people not just hack my phone & steal my money?
It sounds quite daunting to use your phone to make tap’n’go card payments because phones are a lot more volatile to being hacked then say a computer.. News Of The World *Cough Cough*
However, in theory all your details SHOULD be safe from hackers due to the way the system in designed.
What it does-
Apple Pay requires each of the banks and the payment networks involved to create two new elements.
- A 16 digital token called a ‘device account number’ which will be unique to each piece of kit
- An encryption key, which creates one use signatures called a crpytogram. A new one is genereated each & every time you make a transaction.
The token & encryption key are installed into the chip which the operating systems are unable to access.
For a sale to be authorised the token and associated cryptogram are transmitted by the contactless terminal to they payment provider who then checks the two match together.
This is an intelligent system made to protect users & their money however no matter how intelligent it may be there will always be a possibility of hacking. To minimise these risks Apple suggests you-
DO NOT jailbreak your phone or compromise the iOS system in any way.
DO NOT let family members, friends or anyone add their fingerprints to your device.
If your device is lost or stolen do not just turn of the system via the cloud or your operator, contact your bank & have your card cancelled just as if you would if you had lost your card.
So, does this mean Apple can track all my payments?
Yes & No. It can not be tracked to individual shoppers.
Apple released a statement saying- “Apple doesn’t collect any transaction information that can be tied back to you. Payment transactions are between you, the merchant & your bank.”
However, do not take this statement to literally. If you are to use location services Apple can track the time & place the transaction is made.
We hope you got all the info you needed on Apple Pay right here on the WeBuyAnyElectronics Blog.
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