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Posts by Mechanic

Well isn't that interesting.  That means chip and pin won't work either.  In october 2015 they will become responsible for any fraudulent behavior because of the disabling of Paypass/paywave, because this is chip and pin.  The government just implemented that plan.  Good luck with there Merchant Exchange system.
I can tell you as a victim of both the Target and Home Depot Security Breaches I will not ever give my Bank account direct data to these clowns. Its bad enough that they negligently gave up my debit card numbers in both cases and cause me to have to change them not once but twice. Then to ask me to trust them with my account number lol!  Yeah Right thats not going to happen.  If they will not support Apple Pay a very secure way of making transactions and are outrightly...
Wow yeah I forgot that they didn't include china this year in these numbers this is really huge.
9 days of the 6 and 6 Plus to be exact
This is for the quarter just completed and the new iPhones the 6 and 6 plus won't show significant sales volume until the current fiscal 1st quarter of 2015 concludes 3 months from september 27th.  The new iPhones have only been on sale from the 19th of September forward. So only 9 days of the fiscal 4th quarter were the new iPhones the 6 and the 6 Plus counted towards the fiscal 4th quarter of 2014.  The majority of this just concluded fiscal 4th quarter of 2014 was the...
what's going to get hacked?  What are thieves going to get?  A bunch of one time use tokenized numbers that are useless once they have been used?  The thief also has to have your fingerprint. Your card numbers are not stored on your phone.  If your phone gets stolen you can immediately suspend payments from that device.The retailer gets no info from you at all.  Just the one time use tokenized number.  They don't get a card number, security code, signature or any other...
It will have a "kick stand!"/s
They don't have a choice, because in 2015 it will become law that any retailer that does not support an nfc terminal pay system in there stores will be responsible for the fraud that happens to there POS systems.  That incentive enough?  At this point 40 million Target debit cards compromised and 57 million at Home Depot are huge incentives when they become responsible for the compromised cards.
They won't.  None of your personal data is given to the POS system in the store.  All they get is a tokenized one time use number.  They don't know who you are what you spent, any debit card info or any personal info.  During the keynote for the iPhone 6 Eddy Cue made this extremely clear in his presentation.
Here is the problem with most of the comments here.  The merchants Target and Home Depot ARE RESPONSIBLE!  They are because it was not credit cards that were hacked it was in both cases POS system malware (point of sale system malware).  In other words the stores own point of sale system was hacked and anyone sliding a debit card got there number recorded and there expiration date and pin number in some cases and then they were given to the malware and in turn the hackers....
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