Quote:
Originally Posted by DavidTrap
I consider my mobile phone with Apple Pay to be far safer than cash in my wallet. If I lose my wallet, the cash is gone and so are my credit & debit cards that can just be tapped to make a transaction without a PIN. (There was a dollar value limit on this pre-covid, but it was lifted or removed entirely during covid to allow "contactless payments" If I lose my phone, they need my code to unlock it and use the stored card details for Apple Pay. And if they do have my phone and PIN number I can wipe my phone remotely.
It's definitely safer. Once Qld Govt allows me to get a digital licence, I will have almost zero need to carry my wallet.
I do acknowledge it's much easier to "overspend" with this sort of payment method.
DT
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David
Pretty sure I heard a segment on ABC radio that some mobile phone manufacturers are in the process of changing security so you can pay with a phone without pin, fingerprint or facial ID. So it won't be any safer for much longer.
Joe