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Apple Pay does not put an end to fraud
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besson3c
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Jan 27, 2015, 07:06 PM
 
Turns Out Apple Pay Can't Solve Credit Card Fraud

Like I said before, Apple Pay is a positive stepping stone as a digital wallet, but we have a ways to go before card numbers are not tied to personal ID.
     
turtle777
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Jan 30, 2015, 04:22 PM
 
Originally Posted by besson3c View Post
Turns Out Apple Pay Can't Solve Credit Card Fraud

Like I said before, Apple Pay is a positive stepping stone as a digital wallet, but we have a ways to go before card numbers are not tied to personal ID.
Did you READ the article ?

Rather, the flaw lies in credit cards themselves.
I have not seen anyone claim that Apple Pay would FIX inherent flaws in the credit card model. It makes it more convenient, and makes the *transmission* more secure.

This is just a sensationalist headline.

-t
     
The Final Dakar
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Jan 30, 2015, 04:30 PM
 
It's apple click-bait I agree. But I'm not sure I should expect a third-party to solve a credit card companies flaws.
     
besson3c  (op)
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Jan 30, 2015, 04:35 PM
 
Good ol' Turtle, still snapping at my dick.

I never said it was a great headline, or that the headline summarized my views. My comment does though.
     
The Final Dakar
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Jan 30, 2015, 04:40 PM
 
Originally Posted by besson3c View Post
I never said it was a great headline, or that the headline summarized my views.
...
Originally Posted by besson3c View Post
Like I said before
     
besson3c  (op)
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Jan 30, 2015, 05:01 PM
 
Before in other threads. We've had threads about Apple Pay before, you know.

Why do we all have to fight about every damn thing?
     
The Final Dakar
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Jan 30, 2015, 05:02 PM
 
Originally Posted by besson3c View Post
Why do we all have to fight about every damn thing?
Because you have to backpedal about every damn thing. Somehow everyone on this forum always misunderstand what you're trying to say.
     
Laminar
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Jan 30, 2015, 05:16 PM
 
It's everyone else's fault.
     
turtle777
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Jan 30, 2015, 05:17 PM
 
Originally Posted by besson3c View Post
Good ol' Turtle, still snapping at my dick.
Oh, I thought that was a raisin.

Sorry for that.

-t
     
starman
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Jan 30, 2015, 08:20 PM
 
OMG a sensationalist article on Gizmodo? I AM TEH SHOCKED!

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besson3c  (op)
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Jan 30, 2015, 09:55 PM
 
Originally Posted by starman View Post
OMG a sensationalist article on Gizmodo? I AM TEH SHOCKED!

What do you find sensationalist about the article? The headline I'll give you.
     
starman
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Jan 31, 2015, 02:11 AM
 
Originally Posted by besson3c View Post
What do you find sensationalist about the article? The headline I'll give you.
The fact that the technology in Apple/NFC Pay ITSELF is not the issue. The issue is that credit cards are being stolen, but NOT BECAUSE OF APPLE PAY.

That's like saying "1Password isn't secure" if your password is 12345 or stolen.

This is more of a "no, shit, Sherlock" article, using fear tactics for hits.

Rather, the flaw lies in credit cards themselves.
The article might as well say "Man put credit card into Apple Pay. What happened next you won't believe".

Typical Gizmodo crap.

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besson3c  (op)
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Jan 31, 2015, 11:34 AM
 
Originally Posted by starman View Post
The fact that the technology in Apple/NFC Pay ITSELF is not the issue. The issue is that credit cards are being stolen, but NOT BECAUSE OF APPLE PAY.

That's like saying "1Password isn't secure" if your password is 12345 or stolen.

This is more of a "no, shit, Sherlock" article, using fear tactics for hits.



The article might as well say "Man put credit card into Apple Pay. What happened next you won't believe".

Typical Gizmodo crap.

This is exactly my point though. The fact that you can steal a credit card is precisely what exposes the weaknesses in our current mainstream payment models, including Apple Pay. In my original post I said that Apple Pay is a stepping stone, precisely because of this reason.

The real future lies in anonymous transactions, single use tokens (and/or account numbers), tokenization, blockchain technology, etc. Apple Pay tokenizes, so again, a step in the right direction, but there shouldn't be a physical instrument I can steal to gain access to our funds this way.
     
Cap'n Tightpants
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Jan 31, 2015, 01:28 PM
 
Memorize your card numbers, put cards in safe or SD box, problem solved.
"I have a dream, that my four little children will one day live in a
nation where they will not be judged by the color of their skin,
but by the content of their character." - M.L.King Jr
     
besson3c  (op)
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Jan 31, 2015, 02:59 PM
 
Originally Posted by Cap'n Tightpants View Post
Memorize your card numbers, put cards in safe or SD box, problem solved.
CNP (Card Not Present) transactions have problems of their own, you are absolutely not solving the problem this way.
     
   
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