Monday, October 27, 2014

Bobby Jain & The Potential Of Apple Pay

By Rebecca Mills


Just about everyone who's familiar with technology understands the weight of Apple. Between its lines of computers and mobile devices, Apple has been recognized as one of the leading companies in terms of technological development and very few will be able to argue with such a point. With that said, though, I believe that it is important to recognize the concept of Apple Pay. Many will argue that this particular system has potential and Bobby Jain may agree.

Apple Pay is the company's latest endeavor, as it incorporates a form of payment that seemingly eliminates all others. For example, instead of making a large purchase on your credit card, all you would have to do is present your iPhone 6, as it will have said information placed on it. In addition, Apple Pay will be able to keep information related to your loyalty cards, boarding passes and the like. To say that Apple Pay is inclusive would be nothing short of an understatement.

Of course, you may wonder, "What if my card expires and I have to get a new one?" The app will be able to not only recognize when the expiration date of a card has expired but automatically update to a new set of information, which means that you will not have to worry about the idea of attempting a payment with an expired card. Information like this is tremendous, which goes without saying. However, it makes me wonder what Bobby Jain and others will be able to say on the matter.

Robert Jain Credit Suisse, as well as other financial companies, will stress the importance of digital payment methods. In this day and age, when bitcoins are so prominent, it's clear that Apple Pay serves as yet another gateway for potential consumers to make use out of. One can also argue that it's an essential component alongside social media information and phone books, each of which are important in their own respects. While Apple Pay stands to be used, Bobby Jain will stress that consumers should take greater care on the matter.

If one does not exercise the right level of care, his or her financial information may be used for unethical purposes. This is true with Apple Pay as well, which is why it's important for iPhone consumers to always keep their devices on-hand. One must also consider the fact that security measures should be set in place, seeing as how the iPhone 6 has its own. Consumers are not without protection and given the importance of finance, every method of protection should be considered.




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