Apple Pay was introduced at a keynote on September 9, 2014 and launched in the United States on October 20, 2014.
The American consumer protection organization Consumer Reports had various financial transfer services compete against each other in a comparison test. Apple Pay Cash against Venmo, Square Cash, Facebook Messenger and cell into the ring. The Apple Pay Additional service performed best in all aspects. Apple's data protection and security were particularly highlighted.
What is Apple Pay Cash?
The service was launched in the US in December last year. Apple Pay Cash enables you to transfer and receive money via iMessage between users. The basis for this function is Apple Pay.
sense of security and data protection
Apple's efforts not to store credit card data and generally to collect as little data as possible are particularly praised by the consumer protection organization. Points that are simply missing from the competition. Apple was also able to stand out particularly with its security measures. All participants offer the two-factor authentication Only Apple makes this mandatory – without it, the use of the service is not possible.
Apple Pay is expected to arrive in Germany by the end of the year – whether and when the additional service Apple Pay Cash will be introduced in this country remains to be seen.
