Apple Pay May Not Be the Credit Option of the Future Just Yet
When Apple Pay was announced as the latest technology in mobile payments, the one thing that concerned all smartphone owners was security.
What with breaches at Home Depot, Neiman Marcus, Staples, Sally Beauty Supply and more, consumers are understandably hesitant with a wallet in a phone.
Target is still reeling from its Christmas debacle in 2013, so Apple Pay has a large hill to climb.
Thanks to reports of glitches and this dude after the jump who swiped his wife’s card without requests for verification, that hill is quickly becoming a mountain.
According to Consumer Reports, the answer to the question “Does Apple Pay trust your spouse more than you do?” is “probably.”
Ouch.
Watchdog
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