There are
many innovative things which has been done by Apple and now here is more about
Apple that is Apple pay.
Apple pay,
this enables you to use your iPhone as a digital bank or as a credit card. iPhones
and iPads are useful but this time it is harder to give up Apple phones. As people are using more digitized products like health records. Credit
card companies and major banks, including master card teamed up with Apple
to develop Apple Pay, this system will replace some information of account with
digital Id (online) and for mobile purchase.
U.S. President Barack Obama arrived at Silicon Valley with gifts for Tim Cook that is a seal to give approval for Apple Pay.
The White House declared on Friday that Apple Inc.’s mobile payment system will be available for users of the federal payment cards, including Social Security and benefits of veterans those are paid out via debit cards. The deal comprises the Direct Express payment network and cards of government issued through GSA Smart-Pay, that handles approximately or more than 87.4 million transaction worth $26.4 billion in each year, as per General Services Administration.
The White House declared on Friday that Apple Inc.’s mobile payment system will be available for users of the federal payment cards, including Social Security and benefits of veterans those are paid out via debit cards. The deal comprises the Direct Express payment network and cards of government issued through GSA Smart-Pay, that handles approximately or more than 87.4 million transaction worth $26.4 billion in each year, as per General Services Administration.
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For Apple “this is a big promotional value” said by Richard
Crone, chief executive officer in Crone Consulting LLC.
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