1. HoldWatch to reader.
2. Payment approved.
I hope one day it gets to the point of:
1. Walk out of the store with your purchases, because your unique universally-recognized account was automatically debited.
1. HoldWatch to reader.
2. Payment approved.
There's no days or weeks.
We've done tests/games to prove to people/friends/co-workers how easy it is to extract a print off a cell phone.
Verifone issued a statement saying they would like merchants to turn on the NFC feature with their system.
here
Glad to see Verifone understands where things are headed and is embracing the technology. I see their terminals everywhere.
This CurrentC non-sense is doing one thing that nothing else could. It is uniting iOS and Android users in their fight to continue using NFC. What affects Apple Pay also affects Google Wallet.
Also CurrentC is essentially a debit transaction. So no rewards, reduced fraud protection and increased likelihood of getting actual cash stolen from your bank account (Compared to a credit card being stored locally with Apple Pay.)
and in the days to weeks a highly skilled person would need to replicate a usable print, you would have disabled the cards from use in apple pay.
No it's the merchants against the credit card companies. The merchants do not want to pay the credit card companies a transaction fee. CurrentC/MCX wants to use Automated Clearing House (ACH) to process their transactions. And the only way to use Automated Clearing House (ACH) is to give the mechant your Bank/Checking Account number, Social Security Number, and Drivers License number.
On the contrary, it takes just a few hours to make a usable fake from a good print, and almost anyone with slight skills can do it.
However, I keep pointing out that it's not strangers / thieves that we need worry about.
It's the people around us who have plenty of time and opportunity to get a good print, make (and even test) a fingerprint without us knowing about it, then use it while we're asleep or distracted.
In other words, our teenage kids, disgruntled or joker coworkers, or our evil college roommate![]()
I'd be happy to boycott these douchebags if I could even usePay I'm still waiting for US Bank, ATT Citi card, and a couple others to allow me to add my accounts. Hurry up you (bleeps)
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QR code transaction has been on in China and other Asian countries for quite a while, and are very popular. Companies like Alibaba are even testing out scanning personalized objects/patterns like a gestures, tattoos, face, your pets... to make payments... and here in the USA, because it's a competitor to Apple, it's a bad thing...
I'll still shop at these places but I'll use my credit card or cash. Just how I use it anywhere else that doesn't have NFC. We aren't being forced to use this new system.