CARMick Products Sees Changes as Apple Deploys NFC POS In Its Stores

CARMick Products sees this as possibly a game-changer in the payments space. If this strategy obtains ample adoption and produces an expectation amongst a group of consumers as big as this, it will compel the whole industry to adapt.

In a move that was partially a surprise to lots of people, Apple has deployed an upgrade to its in-store EasyPay systems that incorporates NFC capabilities. In principle, this could possibly be used with contactless cards provided by many financial organizations or with appropriately configured SmartPhones. Some view this as a means for Apple to take advantage of the credit card info already registered with the iTunes store. They have more than 800 million such records and allowing mobile payments utilizing a future iPhone model equipped with NFC would certainly simplify the payment process significantly for their owners.

Along with the contactless capacities, the new shells fitted over the iPhones used by all Apple store associates to complete payment transactions include a pad that will allow them to approve "chip and PIN" payments. This unlocks the door to using EMV chips, not generally available on cards in the USA today, however widely used elsewhere in the globe and much more secure compared to the magnetic stripe technology that is so prevalent in the field today.

The ID Preserver line of RFID blocking sleeves supplies defense for contactless cards from the possibility of actually having data read by specifically the sort of NFC-capable Smartphone this device involves and promotes. We predict an extended period of change for the payments industry prior to such solutions make the wallet card a thing of the past. Consequently, we advise everyone to secure their personal info by carrying their cards in our protectors.

As always, our 10-packs of credit card sleeves are available through our listing on Amazon.

We invite you to read the original write-up here.