In the new Apple iOS 17.4 beta update, the company will be offering a virtual card number through the Apple Cash system so that users can shop online on platforms that do not offer Apple Pay. The new feature will ensure security with a code for each transaction and the number can be accessed in the Safari Autofill for a streamlined experience.
In the beta update, Apple Cash users will be encouraged to create their virtual card numbers. Following this notion, it can be seen in the settings menu with the card number, security code, and expiration date. This functions similarily to a debit card and allows users to send and receive money through Apple Pay and Message app.
Digital Cash Payment Systems
Apple Cash is Planning to Offer a Virtual Card Number in Update
Trend Themes
1. Virtual Card Numbers - The new Apple iOS 17.4 beta update introduces virtual card numbers in the Apple Cash system, providing users with secure and streamlined online shopping experiences.
2. Safari Autofill Integration - With the Safari Autofill integration, Apple Cash users can easily access their virtual card numbers during online transactions, enhancing convenience and efficiency.
3. Enhanced Apple Pay Integration - The integration of virtual card numbers in Apple Cash strengthens Apple Pay's versatility, enabling users to make secure transactions on platforms without native Apple Pay support.
Industry Implications
1. Mobile Payment Systems - The introduction of virtual card numbers by Apple Cash in the iOS 17.4 beta update presents potential disruptive innovation opportunities for the mobile payment systems industry.
2. E-commerce Platforms - The integration of virtual card numbers and Safari Autofill in the Apple Cash system opens up disruptive innovation opportunities for e-commerce platforms, enhancing user experiences and security.
3. Financial Technology (fintech) - The enhanced Apple Pay integration through virtual card numbers in Apple Cash signifies potential disruptive innovation opportunities for the fintech industry, revolutionizing digital payment methods.