Wednesday, February 11, 2015

Tim Cook explains why Apple Pay doesn't collect your data: 'You are not our product.' (AAPL)

Apple's new payments system Apple Pay is off to a good start: Customers are using it where it's available — by December, two out of three dollars used for contactless payments were from Apple Pay — and it's spreading to more locations like gas pumps, vending machines, parking meters, and even airlines soon. More importantly, nearly half of all large US retailers say they plan to adopt Apple Pay by the end of next year. So how did Apple nail its mobile payments solution? CEO Tim Cook offered...-> read more

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