I never use these apps, I just don’t trust them at all. In a world of cyber security worries, we put all of our financial info on an app and a phone and expect everything to be safe. I’m just old school. Safety over convenience… as I am In an uber. Lol
Phone payments are magnitudes more secure than card payments as they basically are equivalent to using a brand new card and throwing it away for each transaction (in simplified terms)
It’s still safer. They can steal your wallet and pay for anything trivially. If they steal your phone, they have to be able to unlock it to pay with it.
You should look up info about phone payments and temp card numbers in order to reduce some of your fears. Also, check out what is actually stored in epay apps when there’s a connection through a provider, like a bank integration or an integration to another epay partner.
PCI security is about as high as you’d expect from companies that tell consumers they won’t lose their own money to fraud. When it’s the bank’s money, you’d better believe they care.
There are far easier ways to get someone’s money and this ain’t it.
I never use these apps, I just don’t trust them at all. In a world of cyber security worries, we put all of our financial info on an app and a phone and expect everything to be safe. I’m just old school. Safety over convenience… as I am In an uber. Lol
Phone payments are magnitudes more secure than card payments as they basically are equivalent to using a brand new card and throwing it away for each transaction (in simplified terms)
I’m just old school and I always think of a phone snatch. But I understand what you are saying.
It’s still safer. They can steal your wallet and pay for anything trivially. If they steal your phone, they have to be able to unlock it to pay with it.
It’s a valid point. I’m just not one to put all my eggs in one basket. That is just me.
…isn’t your card one basket full of your eggs?
Really the physical wallet. Or maybe that’s a basket full of baskets lol
You still need biometrics, passwords, pins.
I get the nerves, but I can’t find any reasonable way it’s less secure
Fair enough… I’ll just pay with IOU’s 😂😂😂😂
You should look up info about phone payments and temp card numbers in order to reduce some of your fears. Also, check out what is actually stored in epay apps when there’s a connection through a provider, like a bank integration or an integration to another epay partner.
PCI security is about as high as you’d expect from companies that tell consumers they won’t lose their own money to fraud. When it’s the bank’s money, you’d better believe they care.
There are far easier ways to get someone’s money and this ain’t it.