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Apple Pay does solve the fraud rate since it only uses a token and does not pass the vendors POS terminal the actual CC number, thus the vendor can't possibly b
by davidf18 11y ago
Apple Pay does solve the fraud rate since it only uses a token and does not pass the vendors POS terminal the actual CC number, thus the vendor can't possibly be held accountable for the fraud -- only the bank which approves the fraudulent CC can be held accountable.
- PaulHoule 11y agoHypothetically it does, but practically it is too easy to bind a card to Apple Pay so that binding a card to Apple Pay is a great way to take advantage of a stolen card. Also note that the people who are most interested in new and exotic payment systems are the scammers.