PayPal in Apple iCloud problems
Will Apple ever enter the financial industry after PayPal reacted negatively to the launch of Apple Pay, its mobile payment service?
PayPal publicly questioned Apple’s credibility in entering the financial industry when it recently announced in the New York Times its open disregard for Apple’s new technology. By putting a lot of emphasis on Apple’s recent iCloud problem, PayPal reminded the public when intimate photos of celebrities suddenly came into circulation, casting doubt on Apple’s credibility in securing financial accounts. The ad accompanying the comment even read: “We want our money, more than our money. selfies! “
The technology to replace Apple Pay Wallet
After the success of Apple Pay, Apple is now rolling out another technology to update Wallet features. This time around, cash transactions are quick and easy via the phone’s built-in NFC feature. NFC is a sensor strip built into all iPhone 6 and iPhone 6 Plus phones. This strip is located at the top of the phone and is activated once you hold your phone over a sensor. By simply tapping the ID for authentication, the transaction is done. With Apple’s new invention, cash transactions are faster and easier. For the security of transactions, the credit cards that appear in your Passbook are secured in an enclave on the phone, since the credit card number is never stored. This makes your card number isolated from your transaction as a security code is sent per transfer. So if you lost your iPhone, you can easily disable it. With the NPC sensor strip, you can turn your iPhone into debit and credit cards for you. You can use it for online transactions without filling out long forms. You only need one touch. Apple Pay also works with the Apple Watch, but Apple Company still had to work on getting more details. Some third-party applications are also built into the new invention, paving the way for more application developers in the future.
Apple on iCloud breach issue
After hours of investigation into the Apple Security System, Apple CEO Tim Cook reaffirmed his vehement denial of the allegation that there is a breach in its iCloud security feature. According to the result of the investigation conducted, Apple found no reason to support Hollywood Celebrity, Jennifer Lawrence’s screams for breaching security after the nude photos were put into circulation on the Internet. Other celebrities involved were SElena Gomez, Mary Elizabeth Winstead, Kate Upton, and Kirsten Dunst.
Apple insisted that the investigation results showed compromises on user accounts, passwords and security issues. In short, they were made by hackers and not a problem of non-compliance by the Company. In addition, the CEO of Apple advised his customers to use double security measures. Apple also added more security features to avoid compromises in the security of its products and customers by sending alert emails every time they log into their iCloud using web browsers. This does not exclude even those who regularly log into their iCloud. However, this will only be temporary as Apple works to find more ways to improve its safety against naked collisions. Apple also has some plans to improve iCloud security by sending emails and push notifications to iTunes users in case any attempts are observed to change their passwords, restore iCloud data to another device, or sign in to iTunes. for the first time.
Irrelevant PayPal Issue Raises Questions About Apple Security
Now that Apple had announced the entry of Apple Pay, with more sensitive features tuned to protect its users’ data while facilitating transactions, this could provide a portal to the financial industry. But after the iCloud issue, which proves to be a drawback for Apple’s security measures, will joining the financial industry be a good move for Apple? Will it be your downfall or your breakthrough in the financial industry?
With these issues to raise, PayPal, the largest online bank, showed reluctance, if not dismay, at Apple’s decision to enter the financial industry. What about the large part of your market that Apple offers you?
After the nude photos of celebrities were circulated on the web, PayPal’s negative comment about Apple iCloud Security had its drawback when people began to question and point out its effects on PayPal. The indictment against Apple iCloud does not limit people’s assumptions that if it happens to Apple, there is a strong possibility that the same thing will happen to PayPal at any time. This assumption about PayPal’s loophole in your security was finally supported by a blog submitted by a 17-year-old from Melbourne, Australia. This post is relevant and probably the reason why Apple attracted a lot of attention from PayPal and other online banking and financial institutions. If PayPal is fidgeting about transactions involving iPhone, how would you react if hackers finally treated PayPal to the same extent that they treated Apple?
In fact, Apple had shown its great experience in dealing with such a crisis. Once again, they demonstrate to their customers and competitors that they are always ready and capable of developing their products and services. They are focusing a lot on providing total security, both for their products and for their customers or users. It is natural for a corporation as large and as large as Apple to face these problems. But the important thing is the fact that they never stop looking for great innovations to improve every feature of the product.
The battle between Apple and eBay may take its final long-term course, when the people themselves will watch and measure its bottom line. However, being in the same industry where a company’s credibility is at stake over finances, it is best to collaborate to provide solutions to any gaps in technology. Conquering the financial industry is still a long way to go for Apple, but with the introduction of the new iPay phone, will they be able to make it or break it in the financial industry? Apple’s entry into the financial industry is sure to bring various reactions from everyone, including existing and potential competitors.
The oni Cloud Security issue is just a gateway for Apple to consider joining a new industry, but issues like this surely leave a lot to learn and develop. Finance and technology always go hand in hand. When you have one in your hand, it takes a big decision to hold onto the other!
