- From: Anders Rundgren <anders.rundgren.net@gmail.com>
- Date: Wed, 04 Mar 2015 06:52:28 +0100
- To: Manu Sporny <msporny@digitalbazaar.com>, Web Payments <public-webpayments@w3.org>
On 2015-03-04 01:40, Manu Sporny wrote: > Fraud Comes to Apple Pay > http://blogs.wsj.com/digits/2015/03/03/fraud-comes-to-apple-pay/ > > """ > Abraham said it’s not “an anomaly” to see fraud accounting for about 6% > of Apple Pay transactions, compared to about 0.1% of transactions using > a plastic card to swipe. He noted that fraud rates vary by issuing bank. > ... > the weakness identified by Abraham occurs at an earlier stage, when a > user is adding a credit card to Apple Pay. > ... > Card issuers have been eager to join Apple Pay, and it’s possible that > some didn’t provide enough training to customer-service representatives > who handle authentication questions > """ > > -- manu > Bootstrapping a secure system from a provably unsecure ditto have some downsides. Banks in the EU would never accept Apple as the enrollment party so they will need new / additional procedures. For a bank-issued credit card I expect the customer to use his/her mobile device to login to their account and from that order a virtual card which will be delivered on-line. That's the stuff I have been working with the last 5 years so it better happen :-) Anders https://play.google.com/store/apps/details?id=org.webpki.mobile.android
Received on Wednesday, 4 March 2015 05:53:11 UTC