Phone payments are magnitudes more secure than card payments as they basically are equivalent to using a brand new card and throwing it away for each transaction (in simplified terms)
That’s what the chip on the card does too. It’s an embedded computer that generates one time codes just like the phone.
The main difference is that the phone typically has an extra security measure, like requiring the screen to be on to pay (but you can get a mesh wallet which prevents tap from working); or the phone needs to be unlocked, which is actually useful.
Phone payments are magnitudes more secure than card payments as they basically are equivalent to using a brand new card and throwing it away for each transaction (in simplified terms)
I’m just old school and I always think of a phone snatch. But I understand what you are saying.
You still need biometrics, passwords, pins.
I get the nerves, but I can’t find any reasonable way it’s less secure
Fair enough… I’ll just pay with IOU’s 😂😂😂😂
Well,
That’s what the chip on the card does too. It’s an embedded computer that generates one time codes just like the phone.
The main difference is that the phone typically has an extra security measure, like requiring the screen to be on to pay (but you can get a mesh wallet which prevents tap from working); or the phone needs to be unlocked, which is actually useful.