Apple Pay launch Monday: The newest mobile wallet technology
This Monday, Apple Pay will be launched, allowing iphone 6 and iphone 6 plus users to make in-store purchases with a single touch. By storing credit and debit cards in the Passbook app (which is already a secure space to store boarding passes, tickets, coupons and more) users are able to pay for items at select stores in a simple and secure way.
A primary concern that has been brought up among users is privacy. To address this, Apple insists that the user’s account information and purchase information remain private once Apple Pay is set up. To accomplish this, whenever a card is added to a device, the card numbers are not stored and each card is assigned a Device Account Number which is kept in the Secure Element chip inside the device.
Apple and merchants only have access to the Device Account Number and the card information is never saved on an Apple server. In addition, not only is the card information private, but so is the purchase information. Apple Pay does not track purchases so transactions cannot be linked back to you, unlike the Google pay application which tracks trends.
Also, if a credit or debit card is lost or stolen, the user needs to notify the bank and cancel the card. With Apple Pay, because the card number is never actually used, if the device is lost or stolen, the user only has to assign a new Device Account Number, the card and account information itself remains protected.
Where is it accepted?
Apple has announced the list of 35 retail brands including Starbucks, Target and Groupon, and 23 store brands including McDonalds, Bloomingdales, Apple and Macy’s that are equipped with the contactless payment technology for Apple Pay. Users can make their purchases within participating apps on iPhone 6, iPad Air 2 and iPad mini 3.
"We believe Apple Pay is going to be huge," Apple CEO Tim Cook said in his presentation, ignoring the difficulties faced by previous mobile wallet schemes, including Google Wallet and Softcard, formerly known as Isis. "It's going to change the way we pay for things. The journey begins [Monday] and we can't wait."
How it works
Apple Pay utilizes a new token technology along with the Touch ID so that all purchases are private and authorization for a purchase is specific to the user. To use Apple Pay in stores, Near Field Communication chips inside the phones or other compatible devices are read by NFC readers which have been installed to about 220,000 various store locations across the nation. Apple Pay is compatible with Mastercard, Visa and American Express and uses technology backed by more than 500 banks including but not limited to Chase, US Bank, Bank of America and Capital One.
Apple is excited for the launch and eager to see how users respond to the newest mobile wallet technology.
Intelliwave SiteSense boosts APTIM material tracking
“We’ve been engaged with the APTIM team since early 2019 providing SiteSense, our mobile construction SaaS solution, for their maintenance and construction projects, allowing them to track materials and equipment, and manage inventory.
We have been working with the APTIM team to standardize material tracking processes and procedures, ultimately with the goal of reducing the amount of time spent looking for materials. Industry studies show that better management of materials can lead to a 16% increase in craft labour productivity.
Everyone knows construction is one of the oldest industries but it’s one of the least tech driven comparatively. About 95% of Engineering and Construction data captured goes unused, 13% of working hours are spent looking for data and around 30% of companies have applications that don’t integrate.
With APTIM, we’re looking at early risk detection, through predictive analysis and forecasting of material constraints, integrating with the ecosystem of software platforms and reporting on real-time data with a ‘field-first’ focus – through initiatives like the Digital Foreman. The APTIM team has seen great wins in the field, utilising bar-code technology, to check in thousands of material items quickly compared to manual methods.
There are three key areas when it comes to successful Materials Management in the software sector – culture, technology, and vendor engagement.
Given the state of world affairs, access to data needs to be off site via the cloud to support remote working conditions, providing a ‘single source of truth’ accessed by many parties; the tech sector is always growing, so companies need faster and more reliable access to this cloud data; digital supply chain initiatives engage vendors a lot earlier in the process to drive collaboration and to engage with their clients, which gives more assurance as there is more emphasis on automating data capture.
It’s been a challenging period with the pandemic, particularly for the supply chain. Look what happened in the Suez Canal – things can suddenly impact material costs and availability, and you really have to be more efficient to survive and succeed. Virtual system access can solve some issues and you need to look at data access in a wider net.
Solving problems comes down to better visibility, and proactively solving issues with vendors and enabling construction teams to execute their work. The biggest cause of delays is not being able to provide teams with what they need.
On average 2% of materials are lost or re-ordered, which only factors in the material cost, what is not captured is the duplicated effort of procurement, vendor and shipping costs, all of which have an environmental impact.
As things start to stabilise, APTIM continues to utilize SiteSense to boost efficiencies and solve productivity issues proactively. Integrating with 3D/4D modelling is just the precipice of what we can do. Access to data can help you firm up bids to win work, to make better cost estimates, and AI and ML are the next phase, providing an eco-system of tools.
A key focus for Intelliwave and APTIM is to increase the availability of data, whether it’s creating a data warehouse for visualisations or increasing integrations to provide additional value. We want to move to a more of an enterprise usage phase – up to now it’s been project based – so more people can access data in real time.