By: Marco Carreno With the introduction of Apple Card, Apple will bring its security and privacy technology to the credit card industry. From when you apply to when you’re buy anything, Apple owns the whole process. That's going to protect us from fraud —and also from ourselves if we misplace the card. When you first get your Apple card, a unique device number is created on your Iphone. Then, it’s locked away in the Secure Element. Every purchase requires your device number along with a one time, dynamic security code that Iphone generates when you authorize the purchase. With Face ID or Touch ID two of the most advanced security technologies in the industry. So even if someone gets a hold of your Iphone, it can’t be used to buy anything. The Apple Card doesn’t even have any numbers on it. Not even a credit card security code. So that’s one less thing to worry about when you hand over your card at a restaurant or store. And if you ever lose it, you can freeze it and order a new one right in the Wallet App. The Apple Card releases in the summer. The Apple Card stands for simplicity, transparency, and privacy. It builds on the incredible ease and security that millions of people love about apple pay. It’s also the first card that actually encourages you to pay less interest. You can buy things effortlessly, with just your IPhone or use the Apple-designed titanium card anywhere in the world. The Apple Card lives on your IPhone, in the Wallet App. And that makes all kinds of new things possible. You can sign up in no time and start using it right away with Apple Pay. For every purchase you make, you get Daily Cash, and it really is cash. So you can spend it however you want, right from your iPhone. Whereas most credit card reward schemes are based on points, apple pays you daily for any transaction made using Apple Card. Daily cash is unlimited, and can be used in any way you like, whether that’s paying off your balance or making new transactions.
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