Quote:
Originally Posted by joele
I would prefer to use a bank provided credit card machine in a shop than give my CC details to Apple, I would feel the same if Google or Microsoft decided they wanted control of all our money transfers.. each to their own I guess..
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That's not how Apple Pay works. Apple plays no part in the transactions, it only provides the end-point device. When you enrol your credit card Apple doesn't keep or store the details, instead it passes them to the issuing bank in order to obtain a token form the bank that is tied to your device and used instead of a credit card when making purchases. The token is formatted in such a way that it passes for a valid credit card number and therefore works with the existing CC payment infrastructure. Validation of the token is done by the issuing bank as if it was a normal credit card number.
That way Apple never knows what you bought, or where, or how much you paid, and the merchant never gets to see your credit card details or even your name.
If you own an iPhone you will in most likelihood also have an iTunes Store account, so Apple already knows the details of one of your credit cards – like any other online store. If and when the iTunes Store migrates to Apple Pay (which I'm sure it will) then even that requirement will go away.
Cheers
Steffen.