My credit card was stolen, but I found out right away thanks to Apple Pay
Apple
But I have a newfound appreciation for it because it recently saved me a lot of time, hassle, stress, and maybe even money.
For those who haven't used Apple Pay: each time one of the credit cards that's associated with Apple Pay is used, you instantly get a notification on your phone showing how much you spent and where the card was used. It's a great way to keep tabs on your account.
For example, as soon as I buy something on Amazon, a notification comes up on my phone showing me just that. (You have to turn these notifications on in the Apple Pay app.)
This brings us to a recent afternoon.
I was at work and suddenly two charges popped up on the screen of my iPhone. They were for $590.11 and $97.99, and both appeared to originate from the same company in Texas.
I'm not in Texas and had not ordered anything from Texas, so my first thought was that someone had somehow gotten hold of my card information, perhaps through skimming or the hack of a retailer where I had used my card.
Here's what the notifications looked like:
Screenshot
I regularly monitor my account, but only a few times each week, so without the notifications from Apple Pay, who knows how long it would have taken me - and how much money would have been charged - before I realized my account was compromised?
5 Top Fintech Predictions by the BI Intelligence Research Team. Get the Report Now »
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- FSSAI in process of collecting pan-India samples of Nestle's Cerelac baby cereals: CEO
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- A surprise visit: Tesla CEO Elon Musk heads to China after deferring India visit
- Unemployment among Indian youth is high, but it is transient: RBI MPC member