Mere hours after Apple released the iOS 8.1 update that enabled the Apple Pay feature on its new iPhones, I got a phone call from my bank telling me that it was issuing me a new card. I hadn’t become the victim of identity theft or anything; their computers noticed that I had engaged in risky behavior over the past year (i.e., “I bought stuff at Home Depot once or twice”) and they didn’t want to take any chances. The timing was so perfect that I’ve been checking the singe marks on my morning toast all week just in case it contained battery specs on the forthcoming Apple Watch.
Yes, finally, USA consumers are all-too-well-aware of how stunningly vulnerable our credit cards are. And finally, more secure methods of paying for things in stores are getting the press they deserve.
Read more at Newsfeed.