Apple Pay backed President Barack Obama – Cupertino's new payment system – when iThing chief Tim Cook was given a 15-minute-long ad spot at the White House on Friday.
That endorsement implies that the govt. can settle for Apple Pay transactions for citzens UN agency have federal-payment cards and area unit, for instance, claiming Social Security edges.
The White House same during a transient note on its cybersecurity and client protection Fact sheet:
Apple, Visa, MasterCard, Comerica Bank and U.S. Bank area unit committed to operating along to create Apple Pay, a tokenized, encrypted service, obtainable for users of federal payment cards, together with DirectExpress and General Services Administration SmartPay cards.
It comes when the Obama administration signed associate degree government order in October last year, promising to reinforce client money protection with the launch of the get Secure Initiative.
Apple disclosed details of its NFC-stuffed payment system in September 2014. At the time, Cook secure his company's bonk-to-pay service would alter the approach individuals bought merchandise.
But it had a rocky launch: some Apple Pay users reportable that they were obtaining charged double for constant purchases. And – among every week of these gripes – 2 of the largest Stateside pharmacy chains, CVS and ceremony Aid, had yanked support for Apple Pay.
It's been claimed that Apple pockets fifteen cents of each $100 purchase created via its payment system. ®
basis:
That endorsement implies that the govt. can settle for Apple Pay transactions for citzens UN agency have federal-payment cards and area unit, for instance, claiming Social Security edges.
The White House same during a transient note on its cybersecurity and client protection Fact sheet:
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| Apple Pay |
Apple, Visa, MasterCard, Comerica Bank and U.S. Bank area unit committed to operating along to create Apple Pay, a tokenized, encrypted service, obtainable for users of federal payment cards, together with DirectExpress and General Services Administration SmartPay cards.
It comes when the Obama administration signed associate degree government order in October last year, promising to reinforce client money protection with the launch of the get Secure Initiative.
Apple disclosed details of its NFC-stuffed payment system in September 2014. At the time, Cook secure his company's bonk-to-pay service would alter the approach individuals bought merchandise.
Apple Pay ENDORSES by Obama administration in White House.
But it had a rocky launch: some Apple Pay users reportable that they were obtaining charged double for constant purchases. And – among every week of these gripes – 2 of the largest Stateside pharmacy chains, CVS and ceremony Aid, had yanked support for Apple Pay.
It's been claimed that Apple pockets fifteen cents of each $100 purchase created via its payment system. ®
basis:
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