AUSTIN, Texas — CU Water Cooler Co-founder and Currency Marketing President/Creative Director Tim McAlpine and panelists Aite Group Senior Analyst Ron Shevlin and American Airlines Federal Credit Union Vice President, Payments/Digital Strategies Christopher Danvers sorted through the hype vs. reality surrounding Apple Pay at the CU Water Cooler Symposium.
"My initial take was it's finally hit the point of acceptance about what's going to happen, questions about how fast adoption would be," Shevlin said. "It cleared the air around NFC as an accepted form of technology for payments and the mechanism of storing numbers, the secure element in phones, as an accepted form of mobile payment."
Danvers added that Apple Pay set the payment standard for the industry.
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