Apple Card Could Kill Actual Credit Cards: Apple Come back in 2014 when Apple launched the Mobile Wallet app on Apple. Today, The Company has given Apple Pay its biggest ever update. If you live in the US, you will be able to take advantage of a new feature called Apple Card as well as a new reward program, The beginning of this summer, says Apple. Apple Card is basically a virtual credit card that can be integrated into the Apple Wallet app on your Apple iPhone, and when you use Apple Payments to pay for a purchase made in the brick-and-mortar store, online stores. You can be the default payment method and even in the app. This idea is to replace your traditional credit card, and the biggest beneficiary can be extra security which could potentially provide it.
Apple Card Could Kill Actual Credit Cards And Make Transactions Safer
The details of the Apple card will be stored in your iPhone’s secure element, which is a special security chip used by Apple Pay. Each transaction is authorized with the user’s Face ID or Touch ID authentication and one-time unique dynamic security code. Apple says that they do not have access to any data that you have purchased for, where and how much. This means that you will not be tracked by third parties for any online shopping.
Apple Card does not require you to deal with aspects such as card number, expiry date, and CVV number. If it gets stolen, it can be misused. An Apple Card cannot be stolen. Apple is also offering eligible titles with a titanium physical credit card, which is probably more as a collector’s item than anything else. The name of the user will be marked on it. Actually, this card does not even have a card number – anyone to steal it. For the latest updates and trending news, you can visit www.indiatimelines.com.
Apple has made users quite enticing to adopt Apple Cards. Whenever a user pays Apple Card with Apple Pay, they will get 2 percent return as Daily Cash. It will be 3 percent daily cash on Apple stores, on the app store and on all purchases made directly for apple services. Apple says that they are partnering with Goldman Sachs and MasterCard to provide support for an issuing bank and global payment networks.