What is the security of Apple Pay? Is it safe and reliable?

Apple Pay's entry into China can be said to be a hot north and south, and even Xiaomi Huawei is eager to launch its own Pay. So how does Apple Pay work, how is it safe, let me talk about it today?

The reason why traditional bank cards can be recognized by the terminal POS is because of its built-in chip. And Apple Pay is to put the chip in the mobile phone, popularly speaking, the integration of mobile banking cards. So no network or Bluetooth is required.

So how secure is Apple Pay? How is it compared to Alipay WeChat? Apple Pay is superior to WeChat and Alipay in terms of various usage scenarios and usage speeds. The biggest advantage is that no network is needed. However, from the current user's general traffic, this advantage seems to be negligible, so in terms of security, Apple Pay is slightly higher. Because the use of Apple Pay requires two conditions at the same time: 1, the phone is close to the terminal POS; 2, fingerprint confirmation payment. So to protect your fingers (touchID is not valid for the chopped finger, the dead finger or the stolen fingerprint model). All the fingerprint information and credit card information of the bound user are stored in the A8 chip. The hardware encryption area will not be uploaded to any server.

Therefore, only the three conditions of mobile phone loss + lost full fingerprint + professional fingerprint imitation are established at the same time, and your Apple Pay security will be threatened. So in general, the Apple Pay safety factor is still very high.