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Comment Re:I hope Apple Pay will die (Score 1) 289

First point about fraud - not true in the U.S. at least If the merchant follows the banks procedures and system and the card is approved, its off the hook. If the merchant commits a fraud or whatever then the bank will deny payment and/or try to recoup payments made. The fee a merchant pays does not change depending on whether you are using Apple Pay, Android Pay or a physical credit card. So, accepting Apple Pay costs the merchant nothing extra nor does it cost the customer anything extra. The decision by the merchant to accept any credit card payments is the point when the card companies transaction fees come into effect. Apple Pay's fee comes out of the set fee charged by VISA, MasterCard, etc.

Comment Re:I hope Apple Pay will die (Score 1) 289

Apple Pay does not use the card nor require its presence during the transaction. It does not pass or use your credit card number either. The code it uses is specific to the device and it's relationship to accounts and you is known only to the issuing bank. Any system that relies on the card and a pin still exposes your account number and your identity, does it not?

Comment Re:I hope Apple Pay will die (Score 1) 289

There apparently isn't much bank resistance as Apple has been pretty successful signing them up. The chip and pin method is better than the magnetic strip we in the US have relied on so their fraud rates are much lower so yes the incentive is less; however the Apple Pay set up is still much more secure than chip and pin. When it starts to be used more on-line it will have much greater benefits for banks. On-line fraud and theft of information is a huge problem everywhere.

Comment Re:I hope Apple Pay will die (Score 2) 289

Please try to pay attention. You don't pay anything nor does the merchant. The transaction fee paid by the merchant remains the same regardless of whether you use a card or Apple Pay. The fee is paid by the banks which they are willing to do because its a lot cheaper than the huge losses due to fraud they've experienced with credit cards.

Comment Re:I hope Apple Pay will die (Score 2) 289

You don't give "all your banking information" to Apple. You scan your credit card and its sent to the bank that issued it. They approve it and your phone stores a code they bank created for the card installed on that device. Your data doesn't go to Apple. If you start by using the card you have for iTunes, of course Apple already has that. So Apple doesn't have your info nor does your device. Your device stores your code in a secure enclave on the chip. The OS can't get it either. Just the bank that issued the card. That's as secure as it gets.

Comment Re:I hope Apple Pay will die (Score 1) 289

It''s not the banks who resist; it's the merchants. When Apple Pay was first introduced it was with blessing of most of the big banks in the U.S. Several, like Chase touted it as the safest and most secure way to use a credit card in existence. Merchants have resisted primarily for 2 reasons: 1) they have ancient card strip readers and they don't want to pay to upgrade to something with NFC and or a chip reader; 2) they like collecting data on their customers so they can market/sell to them more effectively. An Apple Pay transaction is anonymous - unless you do like Walgreens and offer your customers a loyalty card that works in Apple Pay. Banks in the U.S. and in many countries have to pay for fraud losses, not the merchants so Banks have a huge incentive to get people to use systems like Apple Pay. A rule change in the U.S. says that merchants who don't support and use at least a smart chip reader will have to pay for any fraud incurred as a result. That's merchants' incentive to upgrade.

Comment Re:I hope Apple Pay will die (Score 1) 289

When you use Apple Pay, no one can skim your card and use it. No one can see your card number or any personal information. The possibility of using Apple Pay in a fraudulent transaction is close to non-existent without physical possession and control over your devices. That's why it reduces the fraud rates. You can add and remove cards from Apple Pay as you please and you can choose which card you use (override the default you set) when you do the transaction. So if you change banks or cards you don't install another app and set it up as you would if you used bank apps.l That's why these banks don't like it. Despite the complaints from some merchants about not getting access to their customers data, Walgreens has implemented a loyalty/discount card for Apple Pay. You can - if you choose - use the card to get your points/discounts what ever before using the credit card you choose to pay with. So, it's actually possible to share your data with a merchant to get benefits - but only if you choose to do so. They can't get it without you loading their card in Apple Pay and using it. Android Pay doesn't have all the privacy safeguards and the charges pass through Google instead of going direct to the bank as with Apple Pay so they know everything. Other than that (a big that for me) the mechanics of it are similar.

Comment Re:I hope Apple Pay will die (Score 5, Informative) 289

Apple Pay doesn't charge the merchants at all. It's the card issuers who pay Apple and they are will to do so because Apple Pay is much more secure than their own systems - chips and strips. It saves the banks money because it drastically reduces the fraud rate. So, no consumers are not paying for this. Another feature of Apple Pay (and Google's version) is that you aren't tied to a bank, a credit card (VISA, MC, etc.). That's what the banks don't like. They want to own the relationship.

Comment Re:I hope they fail. (Score 1) 60

They don't keep 55% of users from messaging you because iMessage can send/receive SMS. Non Apple users just don't get the benefits/features of iMessage. If you want the security then you can use a third party (proprietary) messaging app that runs on iOS and Android. My point is that I don't know of an "open standards" app that provides end to end encryption and the other features of iMessage or similar 3rd party apps.

Comment Re:I hope they fail. (Score 1) 60

Apple provides end to end encryption and better abilities to keep spam out, partly due to its being proprietary. Some third party applications also provide these features. I don't know what Facebook will do, but when you are communicating with SMS using its messaging they change the background color from blue to green so that you know your texting in the clear. What "open standard" apps offer this?

Comment Re:wrong (Score 2) 67

You don't even know what these things are. Read the other posts. As to iBeacon, it's not giving data to Apple. Some business, e.g. MLB, buys and installs iBeacon technology in order to sell goods and services or enhance their experience. The purchaser of iBeacon, not Apple. If a user allows his/her device to communicate with iBeacon - the owner or user of the device, the iBeacon or the business operating it - then and only then is their an exchange of data. Any device that has cellular communications or bluetooth turned on is providing some data to whatever is scanning for it, It's the nature of electronic communications. The issue is whether or not it provides data you've put in or made available to your device and that is what Apple puts in the device owner's/user's control.

Comment Re:RAID, let them fail (Score 3, Insightful) 145

Yes, and if one disk in an array fails, the likelihood that another disk in the same array will fail soon goes way up. That's because they many disk failures are related to environmental factors - power, air, particulate matter, etc. Whatever factors contributed to the first disk failure are also present for the other disks in the array. So it's best to replace disks that have impending failure as soon as you can.

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