Gadgetory

we have the ability to protect people from this growing threat with Apple pay we put in place a mobile payment system that is significantly more secure than the old days of the plastic card in the magnetic stripe this is another product where security was it an afterthought security was part of the reason we developed the technology in the first place you see Apple pay starts with the premise that your credit card information and purchases are personal to you and they should stay that way when you add a card to Apple pay your actual credit card numbers are never stored in your device or on our servers instead for every payment we create a unique one-time code that is only good for that one transaction from your device your purchases are private and we don't store the details of those transactions they remain between you the merchant and your bank we don't know your credit card number or what you bought or how much you paid and we don't want to just three months after we launched over two thousand banks have signed on to bring Apple pay to millions of their customers and today we're excited to announce that beginning in September Apple pay will be available for many transactions with the federal government like for example when you pay for admission to your favorite national park we're also working to make sure credit and procurement cards issued to government employees for their expenses can be used with Apple pay and we're working on initiatives with leading banks and networks to use this technology with benefit programs like Social Security and veterans pensions that serve citizens at both the state and federal level we can imagine a day in the not so distant future when your wallet becomes a remnant of the past your passport your driver's license and other important documents can be digitally stored in a way that's safe secure and easy to access but only by you after all we shouldn't have to trade our security for the convenience of having all of this information at our fingertips when a system is designed properly security and convenience can actually work in harmony