Earlier this week, Apple released iOS 8.1 to the masses. The new update not only restores stability to older iOS devices like the iPhone 5 and below, but also enables Apple Pay for current and future iPhone 6 owners.
The concept and technology that Apple brings, like many of its features, are not necessarily original or even arguably innovative: NFC payments, mobile accounting, and online shopping have been around for ages. Google, Amazon, and Square are just a few companies that have made strides in bridging the gap between the physical and virtual realms of currency exchange.
Paying with plastic in this day and age is both modern and archaic; many startups have come up with innovative solutions to making the credit card purchase a more secure, efficient and pleasant experience but there’s still room to improve. There’s a constant balancing game that’s being played between managing the security of mobile transactions and improving the user experience of paying through your phone. When an innovative proposal is … [visit site to read more]
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