Mobile Payment Plan
Apple seeks to modernize payment systems with Apple Pay, which claims to be safe, easy to use and secure. Resellers see the contactless system -- where an iPhone carrying credit or debit card information is simply tapped to a point-of-sale terminal -- as a game changer.
Apple Pay supports credit and debit cards from three major payment networks -- American Express, MasterCard and Visa. Apple said the technology will be available on iPhone 6 and iPhone 6 Plus starting in October. That's in addition to the 258 Apple Stores in the U.S. and some of the nation’s leading retailer. Apple Watch will work at over 220,000 merchant locations in the U.S. that have contactless payment enabled. It will soon be available to iPhone 5 models.
How can solution providers profit from the new technology? Here are five things to pitch to your clients when they’re considering Apple Pay.