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Apple Pay: Is Our Data Secure?

by Joseph Richard
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Apple Pay

Apple pay is a common term everyone should be aware of, especially with how the iPhones are commonly known today. Nevertheless, technology has advanced, payment services such as apple pay follow the same suit. However, technology sometimes comes with its downfall. For example, where does our purchase data goes after you have made a purchase? In this guide today, we explain.

Up to three parties participate in a payment process with Apple Pay. Apple itself, the respective merchant, and the own bank or credit card provider.

What Information do the retailers have about you and me?

When we make payments using Apple Pay in Our favorite stores, Product information is available to the retailer but not know who has purchased it. For example, when person A buys an iPhone from an online store. The specific Information will only have access to the product information but not his name, address, and credit card number. This is achieved by encrypting your specific device account number and a variable code issued in return to identify a particular user.

On the other hand. If you use a customer card when shopping, you can tell the dealer, usually even with an address. The latter is, of course, also in play if you pay online with Apple Pay – after all, the goods should also come to our home.

What does Apple Company know?

Like the merchant. Apple does not have access to its credit card number. Information about the content of the purchase does not end up with Apple. The iPhone manufacturer also leaves its fingers on transaction data when using Apple Pay in the store. The transactions “are only visible to you, the trader or developer, and your bank or card issuer,” the manufacturer writes on its website.
When shopping online with Apple Pay. Apple says it retains anonymized transaction data. The manufacturer uses this to improve the service.
Apple Pay requires a credit or debit card, which is stored in the Wallet app.

Privacy at Apple Pay: What the bank knows

More than merchants and Apple. The participating bank learns about when and where the purchase took place – and how much the invoice amount was. What the purchase includes, however, remains hidden from the bank. However, when setting up Apple Pay, some information is sent to the financial institution: name and billing address are as necessary as the phone number (for security check). To identify the device-specific account number. The bank will also receive the device ID and model number of the Apple hardware used to set it up. When setting up. Apple can also send data to the card issuer that has been “authorized to activate Apple Pay” to see if you can use your card with Apple Pay.

Security and privacy of Apple Pay

Those who often pay with their bank card can switch to Apple Pay without much hesitation. For example, while Google reserves access to the purchase data for personalized advertising, Apple does not want to know which items to pay for with Apple Pay. Also, when paying with the service, the credit card number remains hidden – for Apple and the merchant. In practice, Face ID and Touch ID provide security. when paying, you have to unlock your iPhone. Also, with the Apple Watch, payment only works if it is opened and on the wrist.

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