‘Banks take measures against fraud with Apple Pay’




Apple reportedly Pay faces fraud because criminals use stolen credit cards. Banks would therefore ask for additional verification for users who want to pay through Apple Pay. The security of Apple’s payment system, however, there is nothing wrong.

That reports the usually well-informed The Wall Street Journal. According to take the business newspaper American banks that process payments through Apple Pay, additional steps to verify paired cards. Who wants to link a credit card to Apple Pay for example, must answer security questions or disposable contact the customer service of the bank. In some cases, customers just need to first log into the online banking environment may be used for a credit card with Apple Pay. The institutions want to prevent fraud is committed with credit cards.

The steps, which are not supported by banks, would be taken after there’d rather be shown that fraud is taking place through Apple Pay. For example, it is possible to link a stolen credit card payment system, and so on Apples to settle products. That fraud is committed through Pay Apple does not seem to have the security of Apple itself. The encryption that has built the company does not cracked.

Apple Pay is not yet available in Europe, but that must eventually be well. According to CEO Tim Cook is the payment this year to European countries, but it is still unclear whether the Netherlands and Belgium are the first countries to be supported.


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