ApplePay, AndroidPay, SamsungPay - convenient methods of mobile payment similar to all the current "tap and pay" methods we do with our debit/credit cards. These technologies are also being integrated into apps and websites (something that the banks simply can't do as they don't have the ecosystems and amount of developers to support it) and will provide an additional layer of unprecedented security.
The difference? Our card details are never transmitted. Transactions must be verified by fingerprint/passcode. Secure random data is sent instead.
The benefits? Added convenience to save you time fumbling in your wallet (includes AppleWatch), increased security that protects your cards from having sensitive information stolen or being used fraudulently across terminals, apps, and websites (roll out in progress). It's big in the USA, UK (they even use it for their public transport system), and China! Australia, it's time to catch up!
In the USA, ApplePay/AndroidPay withdrawals at ATMs is about to start which means card skimming would become a thing of the past thanks to the additional security.
Make the major banks (excluding ANZ & American Express since they already have) hop on board!! Sign this petition:
Please share and tell your friends!!
Make ourselves heard and let's put pressure on the big banks to allow us the convenience and security of this new technology :)