Except those exciting devices Apple (NASDAQ: APPL) launched during the event held almost a week ago, Apple Pay gathered a lot of attention from professionals in information security and every other person willing to buy an iPhone 6, 6 Plus and Apple Watch. Apple, however, didn’t innovate it instead took the Google Wallet concept to a whole new level and introduced Apple Pay.
Along Paypal and other information security experts believes that the Apple Pay is as safe as the photos that were stored on the iCloud. In a recent attack on the Apple iCloud, a lot of celebrities lost their nude pictures as the notorious hackers leaked them online. This breach was one of the most devastating attacks Apple ever had, however, the Cupertino giant is now helping the law and enforcement to track the criminals.
Paypal took on Apple with a statement in an ad, which stated, “we the people want our money safer than our selfies. PayPal, protecting the people economy”. Paypal until now didn’t had much competition in the online payment industry, and Apple seems to toughen it with Apple Pay. Paypal did had competition in the past, but none of them was a major threat.
Apple Pay is probably going to be the handiest method of paying for a product or service, it allows you do to the NFC payments at the point of sales and online merchants accepting Apple Pay.
Market analyst believes that the Cupertino giant is going to sell more iPhone 6, 6 Plus and Watch than ever, and it gives the company the right to introduce such methods that make the life of an individual secure and safe at the same time. Apple has already kept the NFC API a confidential, and so it protects the users from any kind of the malicious software climbing into the engine to cause any financial or intellectual loss.