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

Apple Improving Security For Their Own Payment Processor

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

May 11 2014, 11:42pm CDT | by

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

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

 
 
 

<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.

 

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