360° Coverage : Apple Improving Security For Their Own Payment Processor

2 Updates
Apple Improving Security For Their Own Payment Processor
Photo Credit: ndtv

Apple Improving Security For Their Own Payment Processor

May 11 2014, 11:42pm CDT | by

According to reports, their POS system is aiming to take over for less secure options

Apple has begun rolling out an upgrade to their EasyPay POS system in the US. One major change is the switch to iPhone 5s hardware, although there are other updates that are getting more attention...

Filed under: rumors

YouTube Videos Tweets

 
 
 

19 weeks ago

Apple Improving Security For Their Own Payment Processor

May 11 2014, 11:42pm CDT | by

According to reports, their POS system is aiming to take over for less secure options

Apple has begun rolling out an upgrade to their EasyPay POS system in the US. One major change is the switch to iPhone 5s hardware, although there are other updates that are getting more attention from people who are concerned about their privacy.

The iPhone 5s shell is being produced by VeriFone, one of the largest vendors of POS systems in the country. The new system hopes to make up for traditional problems with security that people face when using a portable system like this. The devices will accept EMV cards, which are among the most secure systems available at the moment. This is what is mainly used in Europe, although it hasn’t been fully adopted in the States. Mastercard and Visa will both be changing over the next year, however, to make use of this technology.

The barcode scanner that is built in to these will be able to read both 1D and 2D codes, in addition to continuing to read older cards. This is an important feature, but it is also one that might encourage other retailers to begin using this system when it is available. After recent hacks at Target and others, this is something that is always in the minds of customers whenever they hand over their card to pay for something.

Source: Forbes

 
Update
2

Tweets

 
 

Don't miss ...

 

<a href="/latest_stories/all/all/25" rel="author">Bijon Kumar Pramanik</a>
Bijon Kumar Pramanik is an experienced technology writer working since years in the consumer electronics field.

 

blog comments powered by Disqus

Latest stories

Apple Releases iOS 8.0.2
Apple Releases iOS 8.0.2
Apple fixes Touch ID drivers and mobile communication bugs with the new software update
 
 
Apple Reportedly Releasing New Mac Mini in October
Apple Reportedly Releasing New Mac Mini in October
A source informs that Apple will release a new version of Mac Mini in the next month
 
 
Apple Watch Reportedly will Not be Delivered Until February 2015
Apple Watch Reportedly will Not be Delivered Until February 2015
The sources inform that the consumers will get the Apple Watch in February 2015
 
 
Analyst Claims Apple Knew about the iCloud Issue that Caused Celebrity Photo Hac
Analyst Claims Apple Knew about the iCloud Issue that Caused Celebrity Photo Hacks
A security expert says that Apple paid no attention to his information about an issue in the iCloud security system
 
 
 

Latest from the Network

Messi joins 400 club as Neymar hits hat-trick
Madrid, Sep 28 (IANS) Lionel Messi scored his 400th professional goal and Neymar scored a hat-trick as FC Barcelona had an easy 6-0 win at home to Granada. A tight opening to the game Saturday was broken when Neymar...
Read more on Sport Balla
 
Brazilian officials hail FIFA player ownership overhaul
Rio de Janeiro, Sep 28 (IANS) Brazil's sports ministry has welcomed a move by FIFA to ban third-party ownership of players. The widespread practice is set to be outlawed within four years, FIFA president Sepp Blatter...
Read more on Sport Balla
 
I would love to be a father one day: Bradley Cooper
London, Sep 28 (IANS) Actor Bradley Cooper, who is dating model Suki Waterhouse, says he is ready to be a father. In an interview with Square Mile magazine, the 39-year-old actor revealed how being a father is his...
Read more on Celebrity Balla
 
Bayern extend their lead, Schalke beat Dortmund
Berlin, Sep 28 (IANS) Bayern Munich cruised to a 2-0 win over newly-promoted Cologne while Schalke beat Borussia Dortmund 2-1 at the 145th "Revierderby" in the German Bundesliga. Bayern extend their lead in the...
Read more on Sport Balla
 
Jones among stars called up for Caribbean Cup qualifiers
Port of Spain (Trinidad), Sep 28 (IANS/CMC) Cardiff City striker Kenwyne Jones leads an array of international stars called up for Trinidad and Tobago's Caribbean Cup campaign starting here next month. Jones, who has...
Read more on Sport Balla
 
Dottin shines again but Windies lose in super over
Kingstown (St. VIncent), Sep 28 (IANS/CMC) A splendid half-century from Deandra Dottin was not enough as the West Indies women went down to New Zealand women via a tense super over, to concede their three-match...
Read more on Sport Balla
 
Jamie T finds live shows a strain
Los Angeles, Sep 28 (IANS) Singer-songwriter Jamie T enjoys playing live but finds gigs take a toll on his health. The 28-year-old, who has recently returned from a four-year hiatus, finds it difficult to meet people'...
Read more on Celebrity Balla
 
Russell Brand enjoys a date with mystery woman
London, Sep 28 (IANS) After a reported split with Jemima Khan, comedian Russell Brand was seen enjoying dinner with a mystery female friend here. The 39-year-old dined out at Covent Garden's restaurant Balthazar with...
Read more on Celebrity Balla
 
Modi hails global citizens for sanitation
New York, Sep 28 (IANS) From the ramparts of the Red Fort Aug 15, Prime Minister Narendra Modi Saturday took his message of sanitation to New York's iconic Central Park, hailing people gathered there who are part of...
Read more on Business Balla
 
Pattinson troubled by sweat during intimate scene
Los Angeles, Sep 28 (IANS) Actor Robert Pattinson says he sweated like a "crazy person" while filming an intimate scene with co-star Julianne Moore for "Maps to the Stars". In an interview with Heat magazine, the 28-...
Read more on Celebrity Balla