explain in 1-2 paragraphs how credit cards and apple pay refrains from exchanging any credit card...

explain in 1-2 paragraphs how credit cards and apple pay refrains from exchanging any credit card information with merchants during transactions and the way in which this provides a security mechanism.

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Expert Solution

Apple Pay is faster than any other traditional payment methods and credit or debit cards. Customers don’t need to spend much time in searching for their wallet or finding the plastic card. Customers can check out the details with a single touch.

It is designed to protect the personal information, transaction data, and payment information. It doesn’t store or have access to the credit, debit, or prepaid card numbers that are used by the customers with Apple Pay. The transactions stay between the customer, the merchant, and the bank or card issuer.

It protects the personal information by using security features built-in to the hardware and software of your device. Apple decrypts and re-encrypts the data with a unique key which can be unlocked only by the payment network. In addition to this, for using Apple Pay, iPhone or iPad requires Face ID, Touch ID or a passcode. Passcode can be more complex for greater security.

jeff jeffy answered 1 year ago

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