Mobile Payments : Do You Trust It ?

Hello and welcome back to another installment of.....

I'm glad you came back to visit me. lets get started shall we.

Mobile Payments.

At first, i will admit i was extremely skeptical about using my Smartphone's NFC feature to process payments from my bank account. 

Anyone with the smallest amount of paranoia would. However, i have used Apple, Android and Samsung Pay, and although some businesses are slow to accept mobile payments at the moment, it is extremely apparent that NFC payments are the Future.

So lets break down each one a little bit,

First let me say that most payment systems like the ones listed below, are best used with fingerprint verification for added security.

• Apple Pay

Apple Pay, for lack of a better explanation, is one of the more simpler avenues to use, you input your debit card information, gain a verification through your bank and you should be good to go, ONLY if the business you are patronizing accepts NFC payments that are compatible with Apple's corresponding technology.

• Android Pay

Similar story, Android Pay is micromanaged through Google, being compatible and usable with the most banks. It is, However, also limited to business that accept Google's NFC payment tech. 

• Samsung Pay

Samsung Pay is the most impressive of the bunch, it can also be stated that Samsung Pay is the most useful of the other aforementioned payment options. Samsung's new tech allows for payments to be processed without the business or organization having to have NFC tech. 

Let me Explain....

Any card reading machine is compatible with Samsung pay, if the machine allows you to swipe, can just place your phone near the area where you would normally swipe your card, and your device sends a signal similar to the one it receives when a card is swiped. 

Now, the only drawback is that Samsung Pay is limited to only just a handful of banks at the moment, most likely because other companies have placed some stock in Apple Pay, only because it was first on the scene. I'm guessing that it wasn't considered that Apple Pay wouldn't take off like it was supposed to. which causes Samsung to be limited to banks that haven't made a deal with apple yet. 

but that's just a personal theory of mine.

All of these payment systems provide you with a digital card number so that your actual card number isn't used in the transaction, think of it as a additional middle man for added security

when you put it all in perspective, Mobile Payments are more than the future, Samsung/Google/Android are presenting a new way of life for us as customers, Smartphones are consistently developing into All-In-One devices, and one day, we may never need wallets again, let alone debit/credit cards.

So what do you think? 

I am a fan of mobile payments, it works for me. Safe, Convenient, not to mention Extremely Cool-looking when used in public...

again...another personal opinion

In Any Event,

These have been your technological announcement for Friday October 23, 2015

please govern yourselves accordingly!! 

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Until Next Time...