The presentation itself declares how "Apple Pay will leverage the global tokenisation standard"
It then goes into great technical detail about how both tokenisation and Apple Pay work.
So why, as an employee, are you not aware of this? Thank you for your candour.
My comment was not about Apple Pay but about tokenization being used for Samsung NFC payments and not Samsung MST payments. That was my understanding. And while I do work for First Data I am not associated with the department that provides these services. Although, as a whole, we were all shown a presentation on it because First Data was very excited to be associated with these companies and wanted to make all employees aware.
Obviously we all know Apple Pay uses tokenization and encryption, that's basically the #1 reason to use it! For the added security.
"My comment was not about Apple Pay but about tokenization being used for Samsung NFC payments and not Samsung MST payments... Obviously we all know Apple Pay uses tokenization and encryption, that's basically the #1 reason to use it! For the added security. "
Tokenization isn't something that is specific to the method being used at the POS, it is about the security added at the backend to ensure your information is secure. Samsung Pay DOES utilize tokenization with BOTH NFC AND MST. So if the #1 reason to use Apple Pay is the tokenization, then Samsung Pay should bump Apple Pay down to #2 since it now offers the same and more than Apple Pay. It uses tokenization AND can be used in all of the same and MORE places than Apply Pay with the addition of MST to the already years old NFC payment technology that Samsung has been using for at least 4 Generations. So they eveen have more experience with mobile payments than Apple by several years. No more excuses...
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Tokenization isn't something that is specific to the method being used at the POS, it is about the security added at the backend to ensure your information is secure. Samsung Pay DOES utilize tokenization with BOTH NFC AND MST. So if the #1 reason to use Apple Pay is the tokenization, then Samsung Pay should bump Apple Pay down to #2 since it now offers the same and more than Apple Pay. It uses tokenization AND can be used in all of the same and MORE places than Apply Pay with the addition of MST to the already years old NFC payment technology that Samsung has been using for at least 4 Generations. So they eveen have more experience with mobile payments than Apple by several years. No more excuses...