And their efforts seem to be working, given the adoption figures some financial firms have touted. Also, bankers may not require any additional information because they want the process to be as painless as possible, experts said.īanks have made a push to get customers to adopt the service because of the added layer of security provided the tokenization technology it involves. The bank may request additional information to prove the card belongs to the user, but often the information that is asked for is easy for criminals to obtain online. It is then up to the bank to decide whether to approve that card for transactions. According to Apple's support page, when a user adds a card to Apple Pay, Apple encrypts the data then sends it to the bank along with other information, including data about your iTunes account activity and information about the device you are using, such as its current location or the name of the device.
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