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As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens

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TechApple

Tim Cook: Apple Pay launching for government transactions

Michal Lev-Ram
By
Michal Lev-Ram
Michal Lev-Ram
Special Correspondent
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Michal Lev-Ram
By
Michal Lev-Ram
Michal Lev-Ram
Special Correspondent
Down Arrow Button Icon
February 13, 2015, 2:48 PM ET
Apple CEO Tim Cook speaks at the WSJD Live conference in Laguna Beach
Apple CEO Tim Cook speaks at the WSJD Live conference in Laguna Beach, California October 27, 2014. REUTERS/Lucy Nicholson (UNITED STATES - Tags: BUSINESS SCIENCE TECHNOLOGY) - RTR4BTSKPhotograph by Lucy Nicholson — Reuters

Heading to Yosemite National Park? According to Apple CEO Tim Cook, you’ll soon be able to use Apple Pay for entry at the gate.

The tech titan’s CEO was one of many big names to take the stage at Friday’s White House summit on cybersecurity and consumer protection, held at Stanford University in Palo Alto, Calif. Other leaders, from both public and private sectors, included the secretaries of Homeland Security and Department of Commerce and the CEOs American Express, Kaiser Permanente, AIG and Pacific Gas & Electric, to name a few. (President Barack Obama himself spoke later on Friday to announce his next cybersecurity-related executive action.)

The goal of the summit? To get corporations, tech vendors, law enforcement, consumer and privacy advocates, government and others to collaborate and share information in an effort to better prevent and respond to cyberattacks. The White House purposely chose to hold the summit in the heart of Silicon Valley, where much of the innovation in next-generation cybersecurity tools is taking place.

Indeed, much of the discussion at the event centered on how the public and private sectors can best work together to fight cyberattacks and the need for more nimble tools. Apple’s Cook, however, chose to dedicate his time on stage to pitching Apple Pay, talking up the fact that the company doesn’t sell information about its customers, and making an impassioned appeal for the importance of privacy–not just for security purposes but for the purposes of human rights.

According to Cook, Apple never sells consumer information to other businesses–that is not part of its business model.

“We have a straightforward business model” that does not include selling personal data, Cook told the audience.

Cook then went on to say that Apple Pay, the company’s mobile payments system, is safer than the traditional “plastic” credit cards. He also announced that, come September, Apple Pay would be available for some “government transactions” including national park entry fees. Cook added that Apple was also working on linking its service to Social Security and veterans benefits.

Apple’s CEO (AAPL) ended his talk with an impassioned plea for privacy and freedom of expression across the world.

“History has shown us that sacrificing our right to privacy can have dire consequences,” said Cook. “We still live in a world where all people are not treated equally, [where] too many people do not feel free to practice their religion or express their opinion or love who they choose, a world in which that information can make the difference between life and death. If those of us in positions of responsibility fail to do everything in our power to protect the right of privacy we risk something far more valuable than money: we risk our way of life.”

(This story was updated with additional information)

About the Author
Michal Lev-Ram
By Michal Lev-RamSpecial Correspondent
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Michal Lev-Ram is a special correspondent covering the technology and entertainment sectors for Fortune, writing analysis and longform reporting.

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