Denny |
September 15, 2014
Apple unveils a promising new wearable device that could redefine what people expect when they think of mobile technology
Apple made headlines in the technology world with the unveiling of the Apple Watch, a wearable device that is expected to go on sale in early 2015. According to CEO Tim Cook, the Apple Watch will “redefine what people expect” from wearable technology and the device may well serve as the dawning of a new era in Apple’s device portfolio. The device was revealed alongside Apple’s first official foray into the mobile commerce space with its Apple Pay service.
Apple Watch will support NFC technology and, by extension, mobile payments
The Apple Watch is quite similar to other wearable devices, such as smartwatches, but it includes numerous features that cannot be found elsewhere. Notably, the Watch supports NFC technology, which will allow a user to pay for goods and services using digital information rather than physical currency and other forms of payment. The NFC chip in Watch will also allow the wearer to engage in any interactive marketing campaigns that make use of NFC technology.
Watch will include the features that are common on all iOS devices
The Watch will come in two sizes. Both sizes will feature a user interface that is similar to the iPhone. The Watch will also support a wide variety of mobile applications. Many of these apps are already available on the iPhone, but have been refined to function on Watch and make use of its features. All versions of Watch will also be equipped with Siri, as well as the other features that Apple customers have come to expect from their iOS devices.
Wearable technology could become more popular, thanks to Watch
Wearable technology is becoming quite popular, but the devices currently available are somewhat lackluster. Most wearable devices offer nothing that is not already available through conventional mobile technology. As such, the value of these devices is quite limited. The Apple Watch may be one of the first wearable devices to offer something unique and innovative. Whether or not it will be popular among consumers has yet to be seen, of course.
Visa announces the launch of its new Token Service
Visa has announced that it has launched its Token Service. The service is meant to drive innovation in the mobile commerce field while also introducing more security to digital payments. The service replaces valuable financial information with digital tokens, which have the ability to authenticate mobile transactions. Security is one of the most significant challenges facing the mobile commerce space currently and Visa has been taking steps to address this issue in recent years.
Storing financial information on a mobile device can be risky
When it comes to mobile payments, a consumer’s financial information is often stored on a mobile device. This information can be stored on a digital wallet platform or a payment service. The problem with this is that this information can be accessed whenever such a platform is exploited. Malicious groups often target mobile commerce services in order to obtain such information. Visa’s Token Service may resolve this issue by removing the need to store financial information on a mobile device completely.
Token Service removes the need to store financial information
The Token Service is designed to replace a consumer’s financial information with digital tokens. These tokens do not contain a consumer’s information, but can still be used to facilitate a mobile payment. The tokens can be stored by merchants and not just consumers as well. This means that consumers can shop at their favorite online stores and make purchases from their mobile devices without having to input any valuable financial information.
New service is meant to bring more convenience and security to the mobile commerce field
Visa’s Token Service will only be available in the U.S. until early 2015. Next year, Visa plans to introduce the service to several other countries where mobile and e-commerce are thriving. The service is designed to further improve the attractiveness of mobile shopping and payments by highlighting security and convenience. Mobile commerce has thrived due to its convenient nature, but there are relatively few security solutions that have made consumers comfortable with paying for products from their mobile devices.