Author

Topic: [2015-03-06] CS - Apple Pay Fraud Rates 60 Times More If Compared to Credit Card (Read 1447 times)

legendary
Activity: 1358
Merit: 1000
Teething trouble.
It would be great for Bitcoin if they got people accustomed to paying bills with their mobiles.
legendary
Activity: 950
Merit: 1000
"It uses a fingerprint reader to assure that the purchase is made by the phone’s owner."

Not too bad then, plus writing your credit data anywhere is always dangerous.
you don't get the point! The scammers can set up his iPhone 's Apple Pay associated with stolen credit card due to the sloppy security authorization process. Never mind! The victims probably get refund by the bank! It is the beauty of using the bank! Our fund are ensured by the bank!
sr. member
Activity: 756
Merit: 250
Infleum
They wanted to be smarter and get their sheep, I mean clients, to use their own payment system instead of Bitcoin. Now we all can see how it's working out.  Roll Eyes
hero member
Activity: 490
Merit: 500
"It uses a fingerprint reader to assure that the purchase is made by the phone’s owner."

Not too bad then, plus writing your credit data anywhere is always dangerous.
member
Activity: 94
Merit: 10
In February, Cherian Abraham, a Richmond-based payments consultant for banks and retailers, posted an article regarding  Apple Pay fraud, saying that it “graduated from an itch to a raging infection” due to security flaws. Abraham also adds that it is “growing like a weed, and the bank is unable to tell friend from foe.”

http://www.coinspeaker.com/2015/03/06/apple-pay-fraud-rates-60-times-more-if-compared-to-credit-cards-7422/
Jump to: