Apple Pay Fraud Rates Increase 6000% Over Normal Debit Swipes

Apple Pay Fraud Rates Increase 6000% Over Normal Debit Swipes

As the technology wars heat up in the merchant payment industry, the establishment's foray known as Apple Pay has run into some major identity theft and fraud issues. NFS (Near Field Communications) may be clever. Biometric fingerprint scans into iPhones can make a user feel safe and secure, or just forward the user's information to unknown third parties. At the core of the problem is the weakest link in the Apple Pay chain. The debit card itself. Fraud and Identity Theft quickly join Apple Pay. Apple gets a nice .15% fee for every Apple Pay based on Apple's salesmanship on the idea that....


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