Technology has made many things easier for us. But it has also given us a lot of new terms to understand. One of these is Apple Cash, a digital card in Wallet that allows you to send and receive money. You can use it in stores, online, and within apps with Apple Pay. It’s a great way to give friends and family a gift, pay for a subscription, or buy something from an auction.
The name is a play on the address of Apple’s headquarters in Cupertino, California. The company calls it “1 Infinite Loop.” The building was used as offices and labs from 1993 until 2017, when it was largely replaced by Apple Park.
If you see a charge from 1infiniteloopcauscc in your Wallet, it’s likely a fraudulent payment. Fraudsters often connect a stolen credit card to an Apple Pay wallet. Then they look for high-ticket items on sites like eBay or Facebook Marketplace and offer to pay with Apple Cash. If you accept the payment, the fraudster can file a dispute and win a refund, but you will lose the item and the money.
To prevent this from happening, always check a seller’s reputation and history before you make a purchase. Only use Apple Cash to make purchases from trusted sources. And protect your devices and your identity by using added security (2FA, biometrics, etc.). Always be cautious on public Wi-Fi and never share your Apple ID with others. And, always review your recent transactions list regularly to ensure you recognize all payments.