When Apple Pay officially launched earlier this week with the release of iOS 8.1, many rushed to local participating retailers to be among the first to use their iPhone 6 or iPhone 6 Plus as a mobile wallet. Early reviews peg it as easy to use and incredibly convenient.
But before we herald it as the future of mobile payments — requiring just a tap of your thumb at checkout to pay for items — is it secure to use? After all, massive data breaches happen all the time. Just this month, contact information of 76 million households was compromised in a cyberattack on JP Morgan Chase, and we’re all too familiar with the heavily publicized breaches, aimed specifically at credit cards, at Target and Home Depot. Read more…
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