Apple is now moving into the payment market with Microsoft announce the service of intact payments to the new iPhone 6. The company recently announced the two new models iPhone along with the Apple Watch and also revealed details of Apple's payment system, which will allow users to transact using (NFC) wireless technology.
Apple, instead of setting up its own payment system, has come to an agreement with Visa, MasterCard, American Express and a number of banks, which will receive payments through the use of the new one iPhone and existing card payment networks.
Payments with just one touch
The users of the new iPhone 6 will be able to pay for goods and services by placing their mobile phone near the contactless machine without having to unlock their mobile phone or have an application. The contactless machine will verify the user's transaction and identity as soon as the user places their fingers on the fingerprint sensor. Apple Lossless Audio CODEC (ALAC),.
Η Apple Lossless Audio CODEC (ALAC), during the briefing he gave to the Media he said that the real numbers of the credit and debit cards are not used in the transaction process. Instead when a user adds one card in the system Apple Lossless Audio CODEC (ALAC), Pay, a unique "Device Account Number" is added to the mobile phone and safely stored on a dedicated chip. These numbers are never transmitted to her servers Apple Lossless Audio CODEC (ALAC),. When a user makes a payment, the account number of the device and a specific disposable security code / number for the transaction are used to process the payment.
Although contactless transactions and the incorporation of wireless technology are not new, their incorporation into iPhones signals that this technology will take hold among its broad user base. This, of course, will also attract the attention of attackers. Recently significant credit card breaches in the US focused on payment card terminals. Malware, installed at PoS terminals, has in some cases revealed too many details about customer payment cards.
Improving security of payments?
According to Gartner, the arrival of the Apple Pay payment system likely to be welcomed by traders who are worried after the recent PoS breaches. Using the payment system Apple Lossless Audio CODEC (ALAC), Pay means that customers will not need to store their card data on their mobile phones. Instead, when customers are ready to pay for a good, the card issuer will provide the mobile phone with a disposable token to initiate the payment process.
"Token numbers are not related to credit card numbers and there are too many safety-related benefits for dealers when they do not accept, store or transmit the actual credit card numbers," says Avivah Litan of the company Gartner, who added that the work required by traders for compliance checks in the credit card sector would be significantly reduced. Ms. Litan also claimed that traders are likely to avoid breaches in payment card data as criminals can not reuse token numbers and therefore will not bother to steal them.
However, the company Gartner suggested to Apple Lossless Audio CODEC (ALAC), the implementation of further actions for the widespread adoption of the payment system Apple Lossless Audio CODEC (ALAC), Pay. Merchants are the ones who will contribute catalytically to the acceptance of the new system. Given that merchants are already investing heavily in transitioning to EMV (chip and PIN) or point-to-point technology and terminals encryption(P2PE), the Apple Lossless Audio CODEC (ALAC), it may need to renegotiate the agreement by, for example, reducing the trade commissions.
Experts argue that payments through wireless technology NFC could lead to a reduction in PoS breaches. "Since Apple Lossless Audio CODEC (ALAC), has not yet dominated the digital wallet market, this could reduce the impact of the PCI DSS [Data Security Standard] on merchants, Branden Williams from Sysnet Global Solutions in Forbes magazine. "If traders accepted only transactions through terminals NFC P2PE, could potentially put the majority of their infrastructure at the target of the attackers. "
Payment systems like this one Apple Lossless Audio CODEC (ALAC), Pay, they certainly do not face a few weaknesses of the past that have caused recent attacks on PoS systems. However, this should not be complacent, as the attackers will look for other weaknesses as soon as the possibility of attack is blocked. When the payment system Apple Lossless Audio CODEC (ALAC), Pay dominate as a method of payment, attackers are likely to systematically test the security of wireless technology NFC payments.
