vendredi 31 octobre 2014

Re: [apple-iphone] Apple Pay, CurrentC, and security

 

Hi Alice - I think one of the biggest reasons merchants want to use it is the tracking capability. I read somewhere that CurrentC Keeps track of each phones purchases for advertising. Apple Pay does not allow that.
Sue

Sent from my iPhone

On Oct 31, 2014, at 3:27 AM, Alice Saunders lwr32@mac.com [apple-iphone] <apple-iphone@yahoogroups.com> wrote:

When I first heard of businesses shutting down Apple Pay, I de died right then not to use CurrentC.  There are many things wrong with it. From what I've been reading and hearing, those businesses who sign up to use CurrentC sign an agreement that they can't use any other payment system for 3 years and they'll be fined if they try to get out of their agreement. 

I do not understand why businesses haven't looked into CurrentC to see how cumbersome it's going to be to use. From my understanding, the reason businesses want it is there are no bank fees the businesses have to pay to use CurrentC.  If that's true, it just shows one of the many instances of businesses being greedy bastardized and not thinking of their customers first.



On Oct 29, 2014, at 10:22 AM, Jim Saklad jimdoc@icloud.com [apple-iphone] <apple-iphone@yahoogroups.com> wrote:

 

Major sales outlets, including Rite Aid, CVS, and Walmart, who are members of the consortium trying to bring out a payment system ("CurrentC") in competition with Apple Pay, have denied customers the ability to use Apple Pay in their stores.

CurrentC collects user data for loyalty and sales use, and is less convenient to use, and inherently less secure. And it isn't even available yet, and won't be for several months.

Meanwhile:

Just hours after publishing a blog post answering some questions about its upcoming CurrentC mobile payments system and touting the security of its cloud-based storage of sensitive information, the company behind the effort, Merchant Customer Exchange (MCX) has alerted users of unauthorized access to their email addresses.

"Thank you for your interest in CurrentC. You are receiving this message because you are either a participant in our pilot program or requested information about CurrentC. Within the last 36 hours, we learned that unauthorized third parties obtained the e-mail addresses of some of you. Based on investigations conducted by MCX security personnel, only these e-mail addresses were involved and no other information." 

Details on the unauthorized access have not been disclosed, but iMore's Nick Arnott earlier this week took a look at some of the personal information being collected by MCX and CurrentC and noted that he could ping CurrentC's systems to look for valid registered email addresses on the system. While he did not find valid addresses, the system appeared capable of returning a substantial amount of personal information about such accounts. 

Security has of course been one of the main selling points of Apple's new Apple Pay system, with data stored in a Secure Element on the device and payments authorized through Touch ID and tokenized account numbers being used instead of actual credit card numbers to process transactions.


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 Jim Saklad                                        mailto:jimdoc@icloud.com

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