“Ahead of Apple’s ‘Spring forward’ event on Monday where we expect to hear much more about the Apple Watch, more than a dozen new banks and credit unions have added support for Apple Pay,” Zac Hall reports for 9to5Mac.
“The Apple Watch will support the mobile payment service and extend Apple Pay support in stores beyond the iPhone 6 and iPhone 6 Plus to the iPhone 5, iPhone 5c, and iPhone 5s when paired,” Hall reports. “Following the addition of 17 new banks including credit unions for American Airlines and IBM today, Apple Pay is now supported by nearly 100 institutions.”
The full list of newly added banks and credit unions in the full article here.
MacDailyNews Take: The more the merrier!
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]
Yessssssss…
Extending Apple Pay to the 5 series phones will be a big selling point.
I agree, extending a technology which requires a custom encrypted silicon chip, and a fingerprint sensor to an ancient phone with neither of those features, when the iPhone 6 and 6 Plus and new iPads all have this and the iPhone 6 is selling off the charts is a great strategic idea for Apple and useful for customers.
In other news, Boeing should create a jet plane without jet engines or wings, make it backwardly compatible with boats and SUVs. Because they should be able to fly too.
Sadly, Then This Happened:
Apple Pay a haven for ‘rampant’ credit card fraud, say experts
Lax security controls fingered
(Note: This is not exactly Apple’s fault. Blame the banks.)
The issue is that some US banks have made this verification easier than it ought to be by only asking callers to prove their identity using the last four digits of their social security number.
Social security numbers are not particularly hard for hackers to obtain, and evidence is emerging that the whole setup makes it easier for crims to rack up fraudulent bills on Apple Pay than by traditional plastic theft.
Imagine a hacker with his or her hands on a database dump of credit card and social security numbers. Adding these to Apple Pay to spend on stuff is too easy, we’re told.
Silly banks. 😛
Where’s Ally?
Chase was one of the first banks announced to be on board, but my Chase MasterCard still won’t work with ApplePay. Anyone have any idea why it takes so long? They did tell me that it would happen some time this year.
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