Is Apple Pay Safe & Secure?

Is apple pay safe

Apple Pay is a new mobile wallet solution from Apple. This service allows iOS users to store their credit card information onto their iDevice, making it easier for them to purchase goods and services in person without the need of carrying a physical wallet.

This is not a replacement for your physical credit cards, but rather a way to consolidate all of your credit cards and vouchers onto a single device.

Apple Pay was launched in Australia on Monday, November 16, 2015. It is currently only compatible with the iPhone 6 and iPhone 6 Plus. Apple has announced that more iDevices will get compatibility later in 2016.

Is Apple Pay safe?

Yes, Apple Pay is much safer to use. However, a user needs to adapt its security features entirely. More or less, Apple Pay is much safer to use for online payments than cash. 

Apple Pay Safety Features

Apple Pay is really easy to set up. Once you’ve added your credit card information by entering it in manually or taking a photo of the card, you’re ready to go. You don’t even have to take your Apple device out of your pocket to authenticate payments; just put your finger on the Touch ID sensor and that’s it. It’s very simple and user-friendly.

Apple Pay also stores all your information in the secure element of the Apple device, not on Apple servers or backed up to iCloud. So even if you lose your phone, sensitive financial data is safe. And when you get a new one, just add it to your Apple Wallet and all your cards are right there, ready to go.

  1. It uses cardless technology (NFC (near-field communication) to allow users to make payments. NFC is a chip-based technology to communicate to a card reader.
  2. It holds a feature of two-factor identification to complete the transactions using Apple Pay. The 2F verification includes your passcode, Face ID, and touch ID.
  3. Unlike 2F verification, Apple Pay asks for an additional passcode to ensure having transactions more securable. 
  4. The most useful feature of Apple Pay is that your merchant will never have access to your card details.
    Note:
    Apple even doesn’t store any of your card or account details in its database. 
  5. Apple Pay uses a tokenization method to process the payments. This a unique one-time code that will only permit the payments to move ahead. 
  6. Last but not least, an Apple Pay account can be disables even if any susceptible activity is found by the user.

Is Apple Pay Safer Than Paypal?

Both Apple Pay and Paypal are safer. However, we cannot say it is safer than PayPal. Both Apple Pay and Paypal have their own features and security systems. However, PayPal is much more convenient.

Is Apple Safe For Online Purchase?

Yes, it is completely safe to use Apple Pay for online purchases. Almost every merchant in the United States accepts payments through Apple Pay. Doesn’t matter what you want to buy, you can make cardless payments through Apple Pay. You can send payments to your friends or family in the Messages App of your apple device via Apple Pay. 

Conclusion

Undoubtedly, Apple Pay is layered with several security layers to ensure that not a single hacker can disturb their users and destroy their financial securities.

However, still the hackers attempt hacking the Apple Pay wallet that enforces Apple’s team to create their security levels more complex.

Frequently Asked Questions

What are the risks of using Apple Pay?

The University of Birmingham and the University of Surrey have identified security flaws in Apple Pay and Visa that might enable hackers to bypass the lock screen on iPhones and make contactless payments.


Can you get hacked through Apple Pay?

Researchers from the University of Birmingham and the University of Surrey developed a technique to make a payment using an iPhone that was locked, but with Apple Pay’s Express Transit functionality, they were able to do it through NFC.