Author: Stephen

Security flaw discovered that could impact Apple’s mobile payments service

Apple Watch has a flaw that could leave some consumer information exposed

A security flaw has been discovered on the Apple Watch concerning Apple’s mobile payments service. Apple Pay has become quite popular among iOS users, receiving praise for being secure and convenient. On the new iPhone, consumer financial information is kept secure thanks to biometric technology. Those wishing to make a mobile transaction through Apple Pay on an iPhone must scan their fingerprint before they can do so. This feature is absent from Apple Watch, however.

Watch uses skin contact as a protection method

Apple Watch is not equipped with a fingerprint scanner, so must rely on other security solutions in order to keep consumer information safe. GadgetHacks recently posted a video to YouTube that highlights a security flaw. Though Apple Watch does not use a fingerprint, it must maintain contact with a user’s skin, otherwise the device will be locked until they input their password. This is meant to protect the device, but the security flaw has to do with the amount of time it takes for the device to register that it is no longer in contact with human skin.

Simple flaw in sensors could give thieves access to someone’s mobile payments accounts

Mobile Payments - Apple SecurityAccording to GadgetHacks, it takes about a second before the device detects that it has no contact with human skin. This means that someone could steal Watch and simply place their finger on the sensor in order to avoid it being locked. The sensor cannot tell the difference between the skin on the wrist and the skin on the finger. While this may not seem like a major problem, those that manage to steal the device and exploit this flaw could have access to consumer information, including their mobile payments accounts.

Apple may not feel the need to address security flaw

Apple has been careful to ensure that its mobile payments service is as secure as possible. The company has managed to succeed in this endeavor quite well, but absolute security can be an impossible task to accomplish. Whether or not Apple will address the security flaw with the Watch device is unknown. The flaw may be considered so minor that it does not require any significant attention from the company.

Samsung partners with Oberthur Technologies for launch of mobile payments service

Oberthur Technologies will assist in the deployment of Samsung Pay in Europe

Samsung is preparing to launch its own mobile payments platform, called Samsung Pay, later this year and the company has chosen to partner with Oberthur Technologies in order to launch the service in Europe. Oberthur Technologies provides end-to-end service for digital payments and will help deploy Samsung Pay in several European countries. Samsung Pay is set to compete with other mobile payments services that are also expected to be launched in Europe later in the year.

Mobile payments continue to grow among consumers

Samsung Pay is designed to allow people to make purchases from their phones. While this is not a novel feature, the platform can be used in physical stores to make payments, replacing credit cards and cash. The platform makes use of NFC technology, which is capable of transmitting digital information over short distances. With an NFC-enabled mobile device, consumers will be able to use Samsung Pay in stores that have NFC-enabled point-of-sale systems. Currently, a relatively small number of retailers support such technology, but that is changing as mobile payments become more popular.

Samsung intends to uphold the convenience of mobile transactions

Mobile Payments - SamsungMobile payments have become an important focus for companies like Samsung. These companies see a great deal of promise in the mobile payments space, as consumers have shown great favor for platforms that allow them to make payments in convenient ways. This convenience is the soul of mobile payments and has been one of the sector’s most attractive features. Samsung is hoping to make its payments service as convenient as possible in order to ensure that it is appealing to consumers.

Samsung will have to fight for attention amongst other companies involved in mobile payments

Samsung Pay is expected to come pre-installed on the new Galaxy S6 and Galaxy S6 Edge devices. These devices are likely to be launched later this year. Samsung will have to compete aggressively in order to win the favor of merchants and consumers alike, vying for attention against other companies that have launched similar mobile payments service in the past few months.