Title of the Essay, Author, and Date

M obile Payment Apps and the Price of Convenience by Norra Dunne (April 2, 2015)

Title of the Reflection

Convenience isn't free

First Impression

How mobile apps made our life easier and the consequences we will pay for our convenience

Quote

Wallets will be a relic of the past if the forces behind mobile payment apps have their way.

Reflection Paper

The mobile payment apps are now demand of easy and faster ways of e-wallet. It easily to pay anytime and anywhere. Many smartphones uses avail this apps either debit and credit cards. It may not waste of time to fall in line or hassle to pull out a credit card into grocery store or Shoppe’s.

While mobile payment apps may be safer than using any kinds of cards (debit or credit). The say apps also carry the same privacy concerns that all digital products do. To protect the personal information of their consumers. To secure against thieves and hackers. Many e-banks partnership to the Google apps or mobile payment apps.

The security code to access the mobile payment apps is to detect the finger print of the consumer thru the censor of smartphones. Using the mobile payment apps you can transfer an account to another. If ever you hasty to buy some present it can be buy through online store and send your payment from your mobile payment apps to the buyer or vice versa. Some store are accept the e-wallet or mobile payment apps.

Survey says some citizen said they don’t believe mobile payment systems are because of secure features, eventually it is true we don’t know if we secure the information we’re given to them. Another form of Mobile payment application is the Coins.ph which is available in the Philippines it uses bitcoins to purchase, or pay utilities using bitcoin, I have personally use this Coins.ph and I can say that it is really a convenience to have thinks kind of apps.

5 things I learned.

1.  Google Wallet. The digital wallet app holds not only a person’s credit and debit card information, but also gift and loyalty cards. It can also be used to make purchases at online stores partnered with Google or to send money peer-to-peer. People make purchases in stores using near field communication, or NFC, a technology that uses electromagnetic induction to let a device communicate or exchange data with another device.
2. Google Wallet does not work everywhere. To use the app in stores users must have NFC-enabled Android phones – not the cheap ones or the older models. To enjoy the benefits of Google Wallet, people must be both willing and able to buy an expensive phone that has the required technology.
3. It’s well known that the company has the ability to monitor surfers’ online behavior – site visits, locations, and so on.
4. Google Wallet’s privacy notice states that any information collected “is shared with our affiliates, meaning other companies owned and controlled by Google Inc.” Consumers do have the option to opt out of this automatic sharing within their privacy settings, but it’s not an obvious option.
5. Samsung acquired LoopPay, which allows the smartphone maker to launch its own mobile payment system, one that also features a fingerprint reader. 

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5 integrative questions

1. Where can it also be used to make purchases at online stores partnered with Google or to send money peer-to-peer?
2. Where apps truly become the preferred mode for payment, those who won’t or can’t invest in pricier phones may be at a disadvantage – even locked out of certain stores if apps become not just the preferred option, but the only option they accept for purchases?
3. What Consumers can rest assured that their personal information is probably safe from hackers and thieves?
4. What does the company do with the data it gathers from its payment app? 
5. Why competition in the mobile payment sphere may be confusing for consumers, many of whom have not ever used one of these apps?