Apple might be getting into mobile payments at just the right time because after the credit card breaches at target, pf changs, michaels, sallys beauty and supervalu, the latest home depot could apple put an end to Security Breaches . Theyre to weigh in, Richard Crone with crown consulting that working with retairs on payment technologies. Great to have you here, richard. Tell us how the iwall would work . No one knows for sure, but get an idea how apple might have it work you can go into the apple store today use somethg easy pay with the apple store app. It allows you to scan product, get information and pay using your itunes account. There has been speculation about the addition of mobile payment with every iphone. This time theyre anticipated to add s something known as a Near Field Communications chip that allows you to tap the phot the merchants point of sale and pay. Gerri that is what i want to talk to you about is near field technology. Can you explain to us in layms terms what that means . Its a cip that allows for the transmission of data when it is very close to a reader. In gerri radio waves, right . Indeed, radio wes. But very short field. Near field a they call it. And this nfl chip allows for the transssion of paymentata the point of sale, rather tha reading a magnetictripe or putting a chipard into a reader. The good news there would be a lot of numbers personal to you that wont be out there for people to steal, presumably. My big question though, is this going to make real money, credit cards, obsolete . Is it possible . Maybe eventually in the future. My fathers masters thesis was on the Cashless Society more than 50 years ago. But well se is the advent of new payment types that make it easier and safer for consumers. Depend how it is deployed but mobile payment is generally safer because there are no payment credentials stored on the phone. No payment credentials given to consumer. It is tokennized or numbers useless to fraudsters. Gerri tokennized, that is a big word. Here a i Wallet Partners rumored. Visa, american express. They want to jump on the apple bandwagon because apple is a very hip and happening company. I have questions, really . It is not going to be vulnerable . I have a hard tiime believing that. Do you see any vulnerabilities in this technology . Again, it depend how it is deployed. If the payment credentials are stored in the cloud, protected, and nothing is stored on the phone and nothing given to t merchant, we have a safer way to approach things. We can not get rid of th risk of card fraud and data breaches without getting rid of the card. The card today has the numbers printed on it, Expiration Date and the security codes and anybody can read that, as well as on the magnetic stripe. If we eliminate that, eliminate the risk and improve security for everybody concerned. Gerri well i t to tell you, there is another way to eliminate that risk. Something called cold hard cash, richard, have y heard of that. Indeed, but the problem is that cash doesnt gi you a ability to manage your money. Vulnerable to theft and loss whereas a mobile paymentives you the chance to manage money and link it to t activation of offers and save money and communicate with merchants based on your preferences without any spam. Gerri richard, itch one more question for you. So we reported earlier this week about the breach of information of celebrities. Frankly naked pictures of celebrities were everywhere. A lot of people talking about that. A lot of people blam the cloud and icloud in particular. Apple said it wasnt their fault. Now theyre out with solution, ways for consumers to protect themselves. Does apple have some culpability here . They may but apple wont be the only one offering a mobile wallet. Consumers put their trust today in Financial Institutions and Credit Unions and they are also working hard to provide mobile wallets. Consumers can also get mobile wallets from merchants like subway, orange leaf yogurt starbucks. The biggest merchants in the coununtry form ad mobile Payment Network known as connectc. They are providing mobile payment capabilities as well to provide security and utility to coume years richard, thanks for being on with us tonight. Have a great weekend. Gerri, thanks for having me. Gerri we want to know what you think. Here is our question tonight. Would you give up your walleto pay with your phone . Would you do that . Log on to gerriwillis. Com, vote on the righthand side of the screen. I will sho te results at end of tonights sow. As the world awaits on apples big announcement next week, fox businesss risk reward is launching a special segment, wireless wars, 1 00 p. M. Eastern time. You wont want to miss that from personal security to job security, americans are holding on to their jobs for dear lives as Government Data out today shows fewer jobs are being created. But the surprising trend in all of this, the drastic drop in working agemen who are actually going to the office, working. David bock, vice chairman of Edelman Financial Services a perfect experience as former stayathome dad. He joins m now. Great to see you. Great to see you as always, gerri. Gerri a lot ofisappointment in the halls of f over this jobs report. 142,000 jobs created, just a punk report. Dig down, look at numbers for men it is astonishing. Working age men, unemployment rateor those folks, 18. 1 . Overall rate, wll below 7 at 6. now. What do you make of that . Why are men not working . Here is interesting part of this statistic. When you look at 18 , you bury into that data what you actually see 2 3 of those men are choosing not to look for work right now. The question becomes why are they not looking for work . Here the answer. The story is not abou the men. It is about the women. Women today are the economic powerhousesn this country. What happened in it count, most families what is half of families, nearly 45 all countries families in this countr the woman, is the primary breadwinner. What were seeing, gerri. Theyre doing math. Wife is making me money than the husband. When they have children, many families across the nation say youre staying home. Im making more money than you. Im on career track where my incomm is going up. Your income is stagnant. That is putting a lot of men in position staying home. The other thg that happened, gerri, is this. Were no longer getting stigma. I like it here. I will stay home with the kids. Gerri look at more of these numbers. You look over history, at this 25 to 54 male age group, it is amazing. So in t 1970s, unemployment rate, roughly 6 . Fast forward to 2007, it is 13 all of a sudden. In the depths of the recession, 2009, 20 . We have barely backed off of that, barely backed off of that. What are you guys doing . Wl, again it depend who you ask. Yesterday i was with somebody who was working late at night, stayathome dad during the day but has a partthiol job. Youre looking at a lot of data, a lot of americans have parttime jobs. Those jobs are not recorded as fulltime employment. Theyre listed in many cases as unemployment. Gerri so that pnt, so we know that the real jobless rate is Something Like 12 . Yep. Gerri and i am positived a improve ad bit this month but not by much. What do you tell men to do in this situation . You advise people all the time. I have a lot of men saying hey, i want to be a stayathome dad. How do i do this . You create a Financial Plan. I think a big thing for families want one parent to stay atome, you do a Financial Plan before you make the decision. Too often wait until onef then aves a job, stays at home and theyre not financially prepared for that. You want to practi this, gerri, at least one year in advance, sit downith Financial Planner, do some savings, cut expenses in half and practice whether or not you can afford to live off of one income instead of two. Gerri you have a lot of savings when you do that. Youre not hirng pple to take care of the kid right . So that is one big bill that you wont have to pay. T that is exacy right. That is a big thing in the math. They look at cost of day care and putting kids in private school. I will stay at home and spend time with my kids. As you know gerri how did spent a year stayathome dad. Took a sabbatical for 2013. Why you didnt see me here. Jack is sitting off to stage left. Gerri jack is there. Get a camera on him. Give a wave. I wanted a year to see what it was like, take jack to school, take james to school. Go to all the school stuff. Gerri you loved your kids. I loved it i guess what . I missed working. Like many people i chose to go bak to work. I think jack is glad about that. Gerri there is jack. Give a wave. There is the light right there. Jack, thanks for coming o with your dad. David bach, youre a rock star. Thank you, gerri. Good to be here. Gerri we still have a lot more to come this hour, including your voice your voice is important to us. That is why during the show, we want you to facebo me or tweet me gerriwillisfbn. Or go to the website, gerriwillis. Com. At the bottom of the hour i will read your tweets and emails. And next a dangerous siation at walgreens across the country as thousands of consumers may have gotten the wrong prescription. Are you one of them . Well have details. Stay with us. My mother made the best toffee in e world. Its delicious. So now weve turned her toffee into a business. My goal was to take an idea and make it happen. Im janet long and through legalzoom. Ompany i never really thought i wld make money doing what i love. We created legalzoom to help people start their business and launch their dreams. Go to legalzoom. Com today and make your busiss dream a reality. At legalzoom. Com we put the law on your side. Suddenly youre a mouthbreather. We, put on a breathe right strip and instantly open your nose up to 38 more than cold medicines alone. So you can breathe and sleep. Shut your mouth and sleep right. Breathe right gerri there could be danger lurking in your medicine cabinet tonight. Recently Walgreens Stores had a database crash that affected 8200 pharmacies. That syem failure resulted in prcription labels printe will legible instructions. Here with more on this, internest, founder of the doctor weighs in. Doctor, welcome to the show. Thanks for being here. That database was down only a few hours. What happened . Well, what hppened was it ended up printingome nonsense symbols instead of real word. And so some of the instructions were ill legible but the good news. There werent any wrong ininstructions with the dose, telling them to take it three times a day not two times a day. The real good thing it doesnt change instructions. Gerri did anybody getted wrong drugs . As far as i can tell nobody got the wrong drug. This is good news, bad news story, because walgreens had a very aggressive response. They through thei Quality Control mechanisms discovered labels were printe incorrectly and they contacted all the managers of their stores told them, hey, guys, drop everything and number one priority is to reach out to the people who got these prescriptions and get them back in and get them the correct instructions. So it have been a disaster. Gerri they have a statement from walgreens whe they said did exactly that. Listen to this for quality ofance insurance purposes abundance of cautn, calls were issued following day and reached out to all the patients that might have been impacted. System update that prompted pros response has been resolved chain wide. That is what weee again and again with companies being responsible in their sectors. They actually call people. They g on the telltelephone and call people when there is a problem. So everybody knows. At any rate if youre a Walgreens Customer make sure you have the right stuff in your medicine cabinet, thats for sure. What happens if people dont have the right instructions . What is the potential downside there . Well the potential downside is people could take the wrong dose or take it too frequently and have a drug overdose. They could have a drug underdose. But i think that theres other failsafe mechanisms and hopefully walgreens is or will do this which is to add printed instructions and to be se tha proper instructions for each drug is available on their website. There are certainly a lot of reliable websites now that you can go to, just put in the web browser and name of your drug and what the drug is and side effect the and how to take it and all the correct information will show up. And gerri just call your doctor i suppose . Then you can always talk to your doc, the one that wrote the prescription in the first place. Gerri thats a good place to go. Absolutely. Gerri the question brought up for me though, is, i was just curious how often does it happen that the pharmacy gets it wrong . I dont know if you see doctors handwriting lately, i cant read it. I dont know how the people behind the pharmacy desk do it. I it possible . Do you have to be careful to make sure you have the right thing as youre at the pharmacy, review it, look at it, make se it is same kind of tablet or pill or liquid thaw always get in. Se. No, i think people should do that but fir of all, one of the things you need to do there is a lot of eprescriing going on. So our terrible handwriting is less of a problem than it used to be in the past. Yes, i do think that patients should be sure they know what the medication is. You can go online and look up what your pi looks like. They usually have an inscription, a number, some identifier, you can make sure that drug is the drug that you want. The problem with just looking at the pill and seeing if it is what you looked at, what you got the last time is that sometimes there is multiple manufacturers and you may get xdg from one manufacturer and it is, pale pink. Next time you get it comes from another manufacturer and it is orange instead of pink. And that can be confusing but there are Resources Available online and, you know, before you stick something in your mouth you ought to know what it is. Amen to that. Doctor, thank you for coming on. I hope you come back soon sometime. Okay, my pleasure gerri now tha it is september, a little nip in the air, time for back to school, changing leafs, pumpkin lattes and Christmas Shopping . Listen to this. Kmar getting an early start to the Holiday Season with the first chris mad ad of 2014. Rest assured theyre not calling this ahristmas commercial but having a salesperson promote upming discounts in fnt after Christmas Tree. There is a Christmas Tree in this ad. There it is. What do you think . Is it too early for christmas commercials . Frankly i think it is too early for christmas commercials. Well read your responses later in the show. As you get ready for some football, the price of your burger may give you sticker shock. ll tell you why. Nothing is safe as hackers find a way into healthcare. Gov but is this type of the iceberg . This type of the iceberg . Stay with us. Musical chairs. Fun, right . Welllllllll, not when your travel rewards card makes it shard to get a seat using your miles. Thats their game. The flights you want are blacked out. Or they asfor some ridiculous number of miles. Honestly, its time to switch to the venture card from capital one. With venture, use your miles on any airline, any flight, any time. No blackout dates. And with every purchase, youll earn unlimited double miles. From now on, no ones taking your seat away. Whats in your wallet . From now on, no ones taking your seat away. Whenwork with equity experts who work with regional experts who work with Portfolio Management experts thats when expertise happens. Mfs. Because theris no expertise without collaboration. Gerri apple might be the fix to retail hacks as we taed about at the top of the show but the security surrounding healthcare. Gov, well, it might be rotten, to the core. The Obama Administration says, it is taking measures to strengthen the sites security since hackers got in but is this just the beginning with more on this, dr. Sreededhr potarazu, ceo of vital springs technologies. Dr. P, welcome back to the show. Answer this question, is this just the beginning of hacking healthcare. Gov . It is just the beginning and it is very prediable. If you remember secretary sebelius talkingbout some of her reservations after the october disaster last year and e said that she didnt want to go live when they did because there wasnt enough testing. Well, youre starting to see a lot of the problems unfold with many deficiencies in the technology and this is just the beginning. Because you have so many complex systems that have been put together so qckly, there are any number of landmines in the system we still dontnow about. Gerri okay. There is still not enough, a Single Person in charge overseeing orchestration of this whole project. Gerri dr. P, you know, look, there is if you are getting the coverage through obamacare and you signed up on healthcare. Gov, you shared a ton of personnal information. Your Social Security, all kind of information where you live, your age, how to contact you. Your illnesses on and on it goes. Should those folks feelike their information is safe tonight. O. I think that we have a responsility, the Obama Administration has a responsibility to instill confidence in all of those people who were led to believe that by signing up for the exchanges, that all of that infortion was going to be sure. We dont have that confidence. There is no communication to giv consuers the satisfaction that their income, their Social Security number, or even their Electronic Medicalecords are not vulnerable. Something that a consumer could be alerted abo. You heard apples ceo today perhaps you will be alerted when there is a breach of security in the icloud . How will we ale consumers to know that are Electronic Medical record or personal information is hacked and now september, were finding about something that happened in july two months late . Gerri listen, i feel your pain. Here is how bad it was. Hackers, and people fee bad guys are doing this.