Apple Pay benefits 2

Yoni Heisler gives a detailed look at the security mechanisms of Apple Pay, and explains why it may very well be the safest way to make any type of credit card payment. Based on discussions with a few credit card executives involved in the Apple Pay development process, Heisler paints a great pictures of the various security elements behind Apple Pay.

So while the Apple Pay user experience has been set up to be impressively simple, there are a myriad of complex safety measures at work behind the scenes to help ensure that sensitive user data remains free from prying eyes. The use of token-based payments is something the banks have been pushing for and something the credit card networks are similarly excited for.

The only variable, really, is how consumers take to it. Safety, though, shouldn’t be a concern.

A must-read for anyone concerned about the security of the system, or simply for anyone interested in learning more about what’s already dubbed as the “most secure payments scheme on the planet.” Read the full story at TUAW.

  • InfinitePlusOne

    Please please bring it in UK! I can show people my 6plus isn’t same as other

  • justme


    • Onyxus_Music

      This actually made me laugh! Thanks! 😀

  • Javi

    What happens when you pay but someone notice your iPhone 6plus it’s so cool that they gonna try and rob you just to take that 900 dollar phone it’s kind of scary

    • Fanboy 

      What happens is that you get robbed and are out of luck 🙁

      • Javi

        Yeah that must suck so I think if society was friendly it would be perfect but if you leave in the ghetto don’t take your phone out cuse you’ll get rob sorry to say but true

      • Kaptivator

        If you live in the ghetto…I believe you may have more important things to worry about than an iPhone 6. Maybe like getting out of the ghetto. But hey…people and their priorities.

      • Javi

        Lol but I think I personally would not use it cuse just to be in the save side I love my iPhone 6 plus too much to risk

      • Steven Honey

        I wonder if they will let welfare recipients put their EBT foodstamp cards on apple pay.

      • Kurt

        Will the local crack dealer accept Apple pay? Time will tell

    • Hold your iPhone firmly…then you’ll no have to worry.

    • Bugs Bunnay

      if someone robs you of your nice new phone they’ll have to get your other info to unlock activation lock. even if you got jacked no one can use it. here’s the real kicker, if that peanut brain forgot to turn off you’re phone then you’re gonna have some fun (with or without the authorities) to track down you’re phone.

      • Annie Leonhardt

        It can’t be used without the fingerprint anyway… Unless they chopped off your thumb in the process or robbing you, your cards are safe…

      • Guest

        Happens in Latin America. They chop off a hand and send it to your family to push them to pay the randsom. I wouldn’t be surprised if this happened with the thumb

  • Gerard Burns

    Think it’s here when I bought my iPhone 6 plus I got case for it apple guy said I can go in store scan with phone and pay there then walk out,don’t know if that’s norm or not

    • Julian Neufeld

      No this works through the App Store app which you can download on your iPhone. You can then scan a bar code and pay using you Apple ID and walk out of the store. (works at Apple Stores only)

      • Gerard Burns

        Thanks Julian for info

      • Julian Neufeld

        no problem

  • Gerard Burns

    Am based uk

  • James Gunaca

    Can’t wait to start using this. In store, online, in-app, etc.

  • Rowan09

    I’m so disappointed to not see one comment saying, “but NFC payments are 5 years ago”. I guess this is just a lot more than a simple NFC transaction.

    • Haha, this is no different from what others have been doing dude, it’s just highlighting that Apple does it too…

      • Rowan09

        Read the article my friend, it’s in no way shape or form like the other forms of NFC payments. Dude we need a show where we go back and forth. Lol

      • What’s different? Think the token based NFC transactions (http://bit ly/1BCF4Pz) are new?

      • Rowan09

        Apple is the first implementation of the new EMVCo tokenization specification. In my view this is a giant LEAP beyond EMV chip and PIN, and is now (by far) the most secure PAYMENTS scheme on the planet”

  • Frank Anthony

    3 Cool Facts About ᴘᴀʏ:

    Apple Pay tokens are not mathematically generated, which is to say that they can’t be decrypted back into a credit card number because encryption isn’t even part of the equation.

    You could hand the most talented hackers or cryptographers a list of millions of token numbers and it would be of no value to them.

    ᴘᴀʏ is (by far) the most secure PAYMENTS scheme on the planet – Tom Noyes former credit card executive.