The Apple Card is more secure because users get a one-time-use number in the Wallet app, says the president of Mastercard's North American operations.
with a sixteen-digit number and the company encourages users not to swipe for transactions.
He added, "We're taking the digital representation of that sixteen-digit number and scrambling [it] into a code that only we and Goldman Sachs can recognize. We know where it's meant to be used. We know it's meant to be used with that Apple device and if it shows up somewhere else, we know it's been compromised and we can kill it."
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple Card Launches in U.S. With 3% Cash Back on Apple, Uber PurchasesApple launched Apple Card, a new credit card tied to iPhones that it’s offering in partnership with Mastercard and Goldman Sachs, broadly in the U.S. The card, available to all qualified iPho…
Read more »
Goldman CEO memo calls Apple Card 'a beginning' on launch dayGoldman Sachs Group Inc officially became a credit-card lender on Tuesday by rol...
Read more »
I used the new Apple Card for a week in New York City—here's what I learnedThe Apple Card is only available to select people who opted into the 'notify me' list that opened earlier this year, and I received an invite. Here are my key takeaways after using the Apple Card for a week in New York City.
Read more »
Apple Sues Cybersecurity Startup For ‘Illegally Replicating’ iPhone iOSApple says its lawsuit isn't an attack on cybersecurity research but an attempt to protect its copyrighted iOS operating system.
Read more »
Apple Sues Cybersecurity Startup For ‘Illegally Replicating’ iPhone iOSApple says its lawsuit isn't an attack on cybersecurity research but an attempt to protect its copyrighted iOS operating system.
Read more »