Comment Re: nope (Score 4, Funny) 426
The post apocalypse 4 legged version. Eats grass (biomass), exhausts fertilizer, very green edition.
'So when you go to a physical business and use Apple Pay, Apple doesn't know what you bought, where you bought it, or how much you paid for it. The transaction is between you, the merchant, and your bank.'
Since nobody else said it I call bullshit on this.
Apple needs to know where you bought it (store, and probably IP or equivalent identifier for the device the transaction came through)
Apple needs to know how much you paid if it's collecting a percentage.
Apple doesn't need to know what you bought.
The first two need to be stored if you have any kind of audit / discrepancy dispute resolution. If there's a time span on when you can file a dispute then they don't need to store anything beyond that.
It takes all of ten seconds, and there's no fee involved.
Ahh. There's the reason it's not in the US.
Seriously though, our ability to screw up security is the other reason. It has led to distrust, which leads to low or slow adoption rates.
All seems condemned in the long run to approximate a state akin to Gaussian noise. -- James Martin