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Macintosh News => Apple News => Topic started by: HCK on March 07, 2015, 09:00:17 pm



Title: Fraud comes to headlines about Apple Pay
Post by: HCK on March 07, 2015, 09:00:17 pm
Fraud comes to headlines about Apple Pay

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<p>I am a cynical, grizzled veteran of the technology wars. I implemented my first payment system in 1995, and just a few weeks ago was programming in PHP to handle refunds through the online payment processor Stripe (http://www.techhive.com/article/2050342/how-stripe-a-company-you-ve-never-heard-of-powers-the-sharing-economy.html)’s excellent interface.</p><p>But when I saw the variants on the headline, “Fraud Comes to Apple Pay (http://blogs.wsj.com/digits/2015/03/03/fraud-comes-to-apple-pay/),” I figured what was stated wasn’t true. Apple retains so very little information about credit cards registered to a phone, and tucks it away so securely, that this scenario seemed exceedingly unlikely.</p><p class="jumpTag"><a href="/article/2893528/fraud-comes-to-headlines-about-apple-pay.html#jump">To read this article in full or to leave a comment, please click here[/url]</p></section></article>

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