Mobile Payment Apps and the Price of Convenience

Nora Dunne

http://digitalethics.org/essays/mobile-payment-apps-and-the-price-of-convenience/

Title:

Pay Now 

My First Impression:

Risks and convenience of paying through your mobile phone 

Quote:

"why should the big names win the whole market"

Reflection Proper:

Paying Online makes everything seem to be so normal. I don't have to go to the store and waste time, money and push to get it. I usually need to go online and do lots of stuffs before buying, then my solicitation will be passed on before long. Instead of going to other places, I can use that to perform something else. Yet, this transactions must be experience by some honored people, in light of the fact that without the most ideal gadget or development, you won't have the resources to use it. One must have an expensive cell phone with the NFC capacity and a web access to tap and pay in any stores that reinforce Apple Pay, Google Pay, and other online installment applications. In like manner, many individuals are examining its security and what happens to the information they give in these sorts of records. Since a couple of people are not rationally capable with the data to know whether the data is secured or not. That is the reason they fear utilizing online trades or doing online installments. Regardless, unquestionably, those associations are especially mindful of these truths and in actuality, they made the basic adjustment in their security for all their data to be shielded and secured from programmers. Regardless, on the off chance that all trades are paid online or through tapping, a couple of people will be abandoned in light of the fact that they can't stay aware of innovation. 

5 Things That I have Learned:

1.  Mobile payment requires NFC technology

2.  Works only on the iPhone 6 and iPhone 6 Plus on ios.

3.  Apps carry the same privacy concerns that all digital products do

4.  Mobile payment transaction values doubled between 2012 and 2013

5.  Security features of payment apps may actually be their primary perk.

5 Integrative Questions:

1.  Why should the big names win the whole market?

2.  What does the company do with the data it gathers from its payment app?

3.  Where can a user find an exhaustive list of those Google affiliates?

4.  Is it inevitable that consumers will eventually embrace it, too?

5.  Is technology attainable at all?