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And that's why I would never use Android.

LOL, OK. Hackers just break into the banks and retailers. They don't need your phone. And Samsung uses the secure element.

I love my apple stuff, but the Android terror around here is a hit hyperbolic.
 
I am Australian.
I can say without any doubt, this is the big 4 banks (CBA, Westpac, ANZ, NAB) being greedy and wanting to control the market without any competition. The banks are scared of Apple and what it's doing with Apple pay.

Everyone saying Apple is treating the banks in Australia poorly does not understand the situation here. The banks don't want to negotiate with Apple or let the customer decide. The banks want every customer to use their (worse) way of doing things and not share any of their billions of profits with Apple.
 
LOL, OK. Hackers just break into the banks and retailers. They don't need your phone. And Samsung uses the secure element.

I love my apple stuff, but the Android terror around here is a hit hyperbolic.

Well if they break into the bank that's fine. Not my issue. That's what they should be doing rather than hit the little people, go for the cash cow, straight to the source so to speak. It's not terror, Android as a whole just isn't as secure, it just isn't.
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I'm sorry, but people repeating this are just ignorant

Android as a whole just isn't as secure as iOS. It's been proven time and time again. EMV's tech may be secure but it's still on an OS that has holes in it. And I'm not ignorant, maybe not as brushed up on EMV's tech but certainly not ignorant. In addition to the secure element Apple also use the Secure Enclave as part of the authentication process.

How Apple Pay uses the Secure Element


The Secure Element hosts a specially designed applet to manage Apple Pay. It also includes payment applets certified by the payment networks. Credit or debit card data is sent from the payment network or card issuer encrypted to these payment applets using keys that are known only to the payment network and the payment applets’ security
domain. This data is stored within these payment applets and protected using the Secure Element’s security features. During a transaction, the terminal communicates directly with the Secure Element through the Near Field Communication (NFC) controller over a dedicated hardware bus.

Secure Enclave:
On iPhone and iPad, the Secure Enclave manages the authentication process and enables a payment transaction to proceed. It stores fingerprint data for Touch ID.

Yes, it's not perfect and it can be fooled, but it's good enough for real life.

You sentence is nonsensical. Where else would the security situation arise apart from real life? I only have one life where it would bother me, and that's real life. Apple isn't perfect either but it's damn closer to being secure than Android.
 
The banks are short sided. Any fee they pay is minimal compared to how much they will make by promoting Apple users to use their credit card via Apple Pay. They get a fee from the retailers anyway so what's the big brouhaha?

They make less money.
 
It's far cheaper for the banks to build their own tool than pay licensing to Apple in the long run. Also, Android phones already allow all apps to access the NFC chip, and I don't think it's as insecure as Apple wants everyone to think.
Based on regular Android exploits being discussed all of the time, I would beg to differ. Maybe you like relaxed security. There are many things to criticize Apple for. However, I don't think this is it.
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They make less money.
or not because of less fraud which can mean lower insurance payments.
 
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Obviously, what's good for the goose is not good for the gander. Apple knows the power and value of negotiating a good deal.
 
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or not because of less fraud which can mean lower insurance payments.[/QUOTE]

Perhaps, many banks don't like to quantify fraud, and when they do, the number still pales in comparison to the revenue from legitimate transactions. Hence the banks are protecting their revenue stream.
 
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