With so many options in modern online purchasing, it can be difficult to make the right choice. So what is it exactly that makes Apple Pay such a strong contender?
Regardless of your industry or interests, online financial security is always going to be a concern. Due to this fact, a wide array of online payment systems have sprung up over the years.
Yet despite the range of choices on offer and the money put into them, not many can measure up to the success and safety of Apply Pay. Looking at some of the most common examples and the details of Apple Pay, we want to examine what makes this system so popular.
Apple Pay and Online Casinos
Among the many industries which hold financial security as a cornerstone of their operation, few are as developed as online casinos. With the ability to withdraw and deposit huge quantities of cash, this focus on security makes perfect sense.
Around this concern have sprung many websites like www.scams.info which deal with the best Apple Pay online casinos. These not only lead players to find the best possible iGaming websites for this method of payment, but they also detail a range of bonuses and the limits as put in place by Apple Pay deposit guidelines.
In many cases, the adoption of payment techniques into heavily financially-dependent online sectors can take upwards of a decade. Yet, in this instance, Apple Pay is being accepted more and more despite being released only five years ago.
This isn’t the only case of Apple Pay’s rapid adoption, but it is one of the most indicative of just how far the system has come in so short a time, with evidence of this progression clear to see on www.finance.yahoo.
What Exactly is Apple Pay?
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Apple Pay was initially released on October 20, 2014. Developed by Apple Inc., this system was conceived as a way to centralise payment systems across Apple devices. Over time, Apple adopted this technology over almost all of its major products. These include the iPhone, Apple Watch, iPad, and Mac.
In effect, this technology allows a user to assign their credit or debit card to a valid Apple device. From here it can withdraw or deposit funds as a regular credit or debit card would. While there were initial fears that this would limit the technology's usefulness to just a few outlets and systems, this compatibility would eventually grow to work with any contactless payment terminals and most online services.
Essentially, this could be seen as one of the dozens of examples of digital evolution which seeks to make our lives easier, examples of which can be found from our phones to our local supermarket, as illustrated on www.holycitysinner.com. What sets the Apple Pay example apart, however, is just how broad and powerful it has become.
To protect the user, Apple Pay comes with a variety of safety features which are unavailable or underutilised for many forms of traditional payment. The first of these is two-factor authentication. This a system which requires two matching pieces of information for use to be unlocked. With such a system in place, the theft of a device with Apple Pay installed would not put the owner in financial risk.
Methods of two-factor authentication on Apple Pay include PIN, Touch ID, Face ID, or passcode. www.securitymetrics.com details how Touch ID and Face ID are especially effective tools, as properly implemented biometric safety features are notoriously difficult to hack or crack.
This is on top of a variety of encryption tools that keep the user safe, even in the case of data interception.
Expansion and Acceptance
Originally launching in the United States, Apple Pay is now available in over 50 countries. This includes the United Kingdom, Canada, Australia, Russia, Japan, Hong Kong, Germany, and Switzerland. Some of these countries have even adopted Apple Pay within their public transportation networks.
Japan’s Suica card, for example, accepts top-ups through Apple Pay, for use within the nation's vast train network.
Despite such international modern use, the early days of Apple Pay were extremely limited. It was during this time that a few big-name adopters help spread the system into popular consciousness. On March 8, 2016, ExxonMobil launched its Apple Pay support, becoming the first in the fuel industry to accept Apple’s new model. www.exxon.com expands more on how this exciting technology has the potential to innovate our near future.
In fast food, it was KFC that first broke the ice, as it announced that it had begun accepting Apply Pay on June 1, 2016. One after another, more and more companies adopted Apple Pay, eventually driving it to total contactless pay compatibility.
As it currently stands, Apply pay has access to most of the world’s largest markets. It is also compatible with the world’s largest credit card networks and schemes, including Visa, MasterCard, Maestro, and over a dozen others.
With such proven viability and an outstanding safety record, combined with Apple’s overall popularity - as illustrated (perhaps unconventionally) on www.holycitysinner.com, it was perhaps inevitable that Apple Pay would come as far as it has. As 2019 has been one of its strongest years yet, trends point towards the continued growth of this technology going forward.
It's not just a niche, and it's not just for online casinos and purchases, Apple Pay could very well reshape how we use digital payment methods going forward.