Why Apple Pay and Other Mobile Wallets Beat Chip Cards

To fight fraud, the retail industry has shifted away from traditional magnetic credit cards in favor of cards with embedded computer chips. They’re slow.

Sourced through Scoop.it from: www.nytimes.com

Kenneth Carnesi holds a Juris Doctor degree from New York Law School and a Professional Certificate in International Banking from Harvard Law School. Kenneth Carnesi is the Director of Operations and Government Sales at Anaptyx LLC and sits on the Boards of The Lazarus Organization, Monkeetech LLC and MG Madison Phillips, Inc. Mr. Carnesi has also founded CICG - Carnesi International Consulting Group, a company specializing in strategy consulting to small to mid-size businesses.

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