Blunt
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Android collects nearly 10 times more user data than Apple's iOS
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Google confirms it tracks users even when 'Location History' setting is disabled
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Apple's iPhone X bests Samsung's new Galaxy Note 9 in benchmark testing
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Samsung Galaxy Home will fight smart speakers from Apple, Amazon & Google
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Consumer Reports crowns Apple Pay Cash best P2P payments service
cropr said:.The system in use works as follows: The receiver of payment, starts the app and initiates a transaction with his bank, saying he wants to receive an amount of X from somebody (unknown for his bank). The bank creates a security token which is displayed as part of a QR code on the screen of the receiver. The payer scans with his app the QR code and confirms the payment and sends the token to his bank, which validates the confirmation, check the payers' balance and send to token back to receivers' bank and the banks settle the payment immediately. Both persons are informed by their banks about the outcome of the transaction. Nowhere personal information is exchanged. The receiver does know the payers' bank or account details and vice versa. That is why privacy is 100% guaranteed. The security is as good as Apple Pay because the same mechanism of security tokens is used.The crucial part is the immediate settlement of the payment, so the receiver is absolutely sure he is paid. This is the main reason why a consortium of the Belgian banks is needed.
They use this system in Holland too and it basically sucks. Comaparing it to Apple Pay is bullshit. Apple's solutions is so much more user friendly.