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"...I think that users' hesitation to use biometric authentication is weighed in by phone manufacturers as a factor that could lose potential customers, but if the technique is presented as a requirement only for NFC payments, that hurdle can likely be overcome ...."
@GonzSTL While I understand your reasoning here, from a consumer perspective I have to respectfully disagree. I would not be more apt to use a device or method of payment ( NFC ) nor would this entice me to succumb to biometric authentication.
In my case, there seem to be too much information already running around the Net without my control - I surly don't want to add my biometrics to it. But at least you are looking for solutions to the issue - I don't hear anything coming from manufacturers themselves.
Why not just make two-factor authentication required for using Apple Pay?
@GonzSTL I think that is a really good question. What is the problem if two-factor authentication is better for security which it obviously is - then why not burn it into the hardware ?
Manufactuers do this all the time in one way or another, so I don't understand why Apple is dragging it's feet on this. The only thing I can think of is they don't want to inconvenience their picky customer base.
@Some Guy How do you feel about NFC ? I am not a big fan since I am not a big fan of mobile payments in general. I just can't picture myself tapping my phone against some reader to make payments.
Call me a germaphobe - but that is also a consideration.
Ah yes, I do recall now that these security features were supposed to be local to the phone. Not sure how I feel about that either. But thanks for the clarification.
I am also skeptical that this method cannot be cracked, sure it is a major stride forward - but I am a firm believer that anything encoded can be uncoded.
So we 'll just wait until the smoking gun goes off ( again ).
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1 Comments
User Rank: Moderator
9/12/2014 | 4:54:30 PM
@GonzSTL - I'd expect that a one-time token under these described conditions is a lot more secure than anything out there today, especially given the Target and Home Depot breaches. I'd be OK using it places that I won't even use VISA or MC today.