In the News
Apple Pay is breaking into another large market. In Apple Pay comes to Uber Eats in nearly 20 markets, Sarah Perez at TechCrunch discusses Apple Pay’s recent integration onto the Uber Eats app, which allows for customers to make purchases using biometric scans instead of inputting financial information for every payment. Perez explains that Apple Pay is emphasizing the privacy priority of their system in the hopes that consumers utilize the platform for making purchases.
Our Take
Food delivery apps are only increasing in popularity. They add a veil of convenience to the busy lives of individuals, especially students and working professionals. While there are many platforms available to make these purchases, using one that has a biometric payment or at least a multi-factor payment option is beneficial to securing your financials and your personal information. The emphasis placed on financial security is notable considering the constant threat that online purchases have on financial privacy. Whether you decide to use Apple Pay or another payment platform, always be mindful about where you input your financial information and where you make purchases. Using a reputable and legitimate service is still the safest option.
Recommendations
How can you protect the security and privacy of your finances when making online purchases?
- Use safe password practices, and take advantage of Multi-factor Authentication where possible
- Utilize additional security/privacy measures and settings on apps, accounts, and platforms whenever possible
- Minimize the number of accounts that have direct access to your bank account or card numbers
- Check your email, financial accounts, and credit reports regularly for abnormal activities