Recent

Friday, June 3, 2016

Apple Pay, Android Pay, contactless credit cards, is it safe?

If you live in Canada and own a credit card you are now probably accustomed to tapping your credit card to pay for your small purchases. Canadian banks started issuing contactless credit cards in 2010, and most vendors now have pay terminals that support "Tap".

Visa officially calls the contact-less credit card feature payWave and MasterCard calls it Tap & Go.

For majority of Americans this great convenient form of payment came in 2014 with Apple Pay or Android Pay. Canadian banks are starting to enabling Apple Pay this June.

Apple Pay, and Android Pay use NFC. Early versions of the contactless credit cards used RFID and was a hot topic in 2012 as hackers demonstrated how the can read the data just by standing near you with a smartphone. Since then Visa payWave and MasterCard Tap &Go have moved to using NFC.

What is NFC and how is it different from RFID?

NFC stands for Near Field Communication and is related to but not the same as RFID (Radio Frequency Identification).

Both NFC and RFID are technologies that enables close proximity communication using radio waves. In both cases you have a reader (the device requesting data) and a tag (the devices sending data). 

The key difference is NFC allows two way communication between the reader and the tag while RFID the tag can only send data to the reader.

This is why in 2012 an Android smartphone with NFC was able to so easily grab credit card information. The smartphone acted as the reader and the credit card acted as the tag and sent over the credit card data.

With NFC technology Apple, Google, Visa, MasterCard have added a layer of security. Now the reader must send authenticate data to the credit card or smartphone an only if the receiver pass the credit card authentication will it sent data to the reader.

Apple and Android Pay is even more secure than current contactless credit cards because they don't send over your actual credit card info, but a virtual credit card that changes with each transaction.  


15 comments:

  1. Presently in the event that you are the proprietor of an independent venture and you are hoping to grow the extent of administrations you give to your clients by introducing Visa machines for private company to deal with their installments all the more advantageously, and to give them the choice of paying through Visa, at that point obviously your are worried about how best to approach this.https://visamachine.com

    ReplyDelete
  2. At this point you'll find out what is important, it all gives a url to the appealing page: kredit pintar

    ReplyDelete
  3. I think this is an informative post and it is very useful and knowledgeable. therefore, I would like to thank you for the efforts you have made in writing this article. Microsoft Dynamics 365 Business Central Credit Card Processing

    ReplyDelete
  4. The information you have posted is very useful. The sites you have referred was good. Thanks for sharing..
    mcdvoicee.site

    ReplyDelete
  5. An interesting dialogue is price comment. I feel that it is best to write more on this matter, it may not be a taboo topic however usually individuals are not enough to talk on such topics. To the next. Cheers. cspo

    ReplyDelete
  6. If you are in a commercial business and require credit card machines then there are many options for you. There are different brands but the choice is yours. Tellthebell

    ReplyDelete
  7. Visa machines are accessible at each outlet now days. Business progress relies a ton upon these little machines. These are viewed as best business in retail shops and shopping centers. They have an enormous effect on the business in this day and age in spite of the way that they don't cost a lot. All you need is a vendor record to get to these machines and your business is good to go. https://visamachine.com

    ReplyDelete
  8. I really like your writing style, great information, thankyou for posting. login database

    ReplyDelete
  9. This is such a great resource that you are providing and you give it away for free. I want to start a credit card processing company

    ReplyDelete
  10. The second you permit your business to begin tolerating Visas as a type of installment is the second you open up another universe of installment prospects. Giving your clients more approaches to pay for the labor and products you offer methods making for yourself more income acquiring potential. credit card machine for small business

    ReplyDelete
  11. Waow this is quite pleasant article, my sister love to read such type of post, I am going to tell her and bookmarking this webpage. Thanks 먹튀

    ReplyDelete
  12. A bank credit card is in reality a revolving credit line. When you receive your statement, you can pay all or part of your balance each month, run up the balance again and so on.myprepaidcenter login

    ReplyDelete
  13. Understanding the expense of Visa preparing arrangements is significant for all charge card handling shippers. The dealer administration industry has created throughout the long term, a one of a kind framework and language. This language is quibbled about by dealer administration sales reps and too many Mastercard preparing shippers gesture intentionally either with an end goal to try not to seem uninformed, or to speed up their departure from the attempt to sell something.this website

    ReplyDelete
  14. I am unable to read articles online very often, but I’m glad I did today. This is very well written and your points are well-expressed. Please, don’t ever stop writing. source

    ReplyDelete
  15. Excellent article plus its information and I positively bookmark to this site because here I always get an amazing knowledge as I expect. Thanks for this to share with us how to get affordable insurance

    ReplyDelete