Apple Pay could make credit cards obsolete

Lucy Lopez, Culture Editor

Two simple purchases caused a lot of credit friction on a day where I was merely trying to merrily shop. Nothing was out of the ordinary; on arrival to Galleria I got my ceremonial cookie cup from Mrs. Fields and purchased my thousandth scarf from H&M.

On my next stop to Lord and Taylor, my card was declined. This was impossible considering payday was the night before. I called my bank and they told me they suspected strange activity even though for me these were normal purchases.

That was about forty-five minutes worth of a hassle that didn’t have to happen.

With Monday’s launch of Apple Pay, I’m thinking my next big purchase might be an iPhone 6. Your card information is integrated into the Passbook app just like your Starbucks card would be. Instead of scanning, you would use the TouchID software, which can only read registered fingerprints, to make payments.

Before I knew the details behind Apple Pay I was worried about the obvious: what happens if your phone gets stolen? Could your card number be compromised more easily because of this digital sharing? But after a little bit of research I realized Apple is much smarter than that.

With the use of Find My iPhone, when you report your device lost, Apple Pay would suspend automatically. Also, the process of the payment digital is a little more complicated, making a hacker’s job nearly impossible.

Unlike when you make an online purchase and have to input your credit card number, you card number is not recorded when you make purchases with Apple Pay. Though it is linked to your phone, every payment has a randomized 16-digit number attached to recognize transactions.

I’ve heard of a lot of people who have experienced credit fraud because of their love of online shopping. Because Apple Pay allows in-app purchases, I feel like now there’s a safe way to online shop and worry less about credit fraud. Luckily for shopping addicts like myself, most stores offer an app version. Instead of going directly to a website and having to put my card number in for every purchase, I’d download the app instead. I’m interested to see if all iPhone-supported apps will give you the Apple Pay option considering most of my favorite places to online shop, such as Zappos, ASOS and Urban Outfitters, have launched shopping friendly apps.

Because Apple Pay has to be approved by your bank prior to usage, this would avoid the hassle of notifying them when you’re traveling, or them shutting down your card because of strange activity.

Will Apple Pay soon replace that satisfactory swipe of a physical credit card? It’s been said that over 500 banks and credit companies will accept Apple Pay later this year and into 2015.

Apple has done it again. Let’s see if Apple Pay runs as smoothly as promised. If no glitches or major issues arise, it looks like the iPhone 6 might be on my Christmas list after all.

Email: [email protected]