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Showing posts with the label mobile payment system

Ram Garg talks about Apple Pay - Promises and Challenges at KXLY

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Promises:  •    Touch ID (fingerprints) authorized payments •    More Secure with Tokenization: Transactions with Unique 16-digit code generated by Secured Element Chip  •    NFC Payments: More secure than traditional card payment •    Payments are Private: Doesn’t save your transaction details  •    If Phone is Lost/Stolen; Apple Pay can be locked remotely and Transaction can be suspended •    More control of Apple: Hardware, OS and Software all under Apple’s Control •    Support from 220K Merchants and Growing  Challenges: •    Works with iPhone 6 and 6+: Existing Users of older versions are left out •    Slow Adoption of Technology for Consumers and  Merchants •    Many Retailers yet to have Point-of-Sale Systems for NFC Payments

Ram Garg talks about Apple Pay-Promises & Challenges at Doug Stephen Show

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Promises: ·         Touch ID (fingerprints) authorized payments ·         More Secure with Tokenization: Transactions with Unique 16-digit code generated by Secured Element Chip           NFC Payments: More secure than traditional card payment ·         Payments are Private: Doesn’t save your transaction details ·         If Phone is Lost/Stolen; Apple Pay can be locked remotely and Transaction can be suspended ·         More control of Apple: Hardware, OS and Software all under Apple’s Control ·         Support from 220K Merchants and Growing Challenges: ·         Works with iPhone 6 and 6+: Existing Users of older versions are left out ·    ...