Thoughts on Apple Pay
One of the major benefits of the iPhone 6 and iPhone 6 Plus, beyond the large screen, is Apple Pay. Although I have only used Apple Pay for 2 actual purchases, one of the hidden benefits for me has been Card Notifications. Once I enrolled my American Express Card in Apple Pay, I began to receive notifications on my phone whenever I make a purchase. At least for American Express, these notifications are provided for all transactions, not just those made with Apple Pay. Whenever my American Express is used anywhere, I now get an alert on my phone. I do not have to be logged in to the American Express app for these alerts to appear.
The advantage of these constant alerts is that I am able to now actively monitor my account for fraud. I no longer have to login to the American Express app or website to check my transaction history. I instantly get an alert and transaction history within the Passbook app by clicking the info button. Since I wear a Pebble SmartWatch, these alerts also show on my wrist. If there is suspicious activity, I know immediately.
Since I currently only have an American Express card enrolled with Apple Pay, I am not sure whether other card providers also provide you with notifications for all purchases, but I hope so. I feel much more secure knowing that my phone alerts me for any purchase I make, and I wish that my primary bank account was available in Apple Pay. I am hoping that as more of my credit cards become eligible, these same alerts are provided.
If you have started using Apple Pay, I would be interested in your experiences. Please let me know if you are receiving notifications for all purchases and whether you have had any difficulty. More banks started offering Apple Pay as an option this week, and several more are supposed to be added throughout the rest of the year. If none of your cards were initially eligible, you may want to check again to see if that has changed.