Bank scams security

[Bjauck]

Can you explain a bit more how Paywave on an iPhone might work? Are you saying that the phone owner must activate it for each transaction by putting in a password or something?

SNOOPY

Yes on my phone with apple pay - a double press of a button and then either my face or 6-digit pin does the trick for the card to be debited, when the phone is near the reader terminal.You do not need the physical card.

https://www.visa.co.nz/pay-with-visa...-payments.html

[iceman]

Yes on my phone with apple pay - a double press of a button and then either my face or 6-digit pin does the trick for the card to be debited, when the phone is near the reader terminal.You do not need the physical card.

https://www.visa.co.nz/pay-with-visa...-payments.html

I don't use anything else these days and feel it is safer than a physical card. Not to mention not having to carry a wallet wherever I go. Got so used to it when in Europe on an extensive visit last year, where everyone uses it, that I moved my credit card from Kiwibank when I got home as they oddly don't offer Apple Pay.

[Bjauck]

I don't use anything else these days and feel it is safer than a physical card. Not to mention not having to carry a wallet wherever I go. Got so used to it when in Europe on an extensive visit last year, where everyone uses it, that I moved my credit card from Kiwibank when I got home as they oddly don't offer Apple Pay.

I wonder what proportion of their clients have apple products. A significant proportion I imagine are not being serviced well.

Until the end of 2022, Paywave fees were high in NZ. Maybe since the Retail Payment Ace came into effect, payWave will be more widely available in NZ.
https://www.rnz.co.nz/news/business/...nt-availablity

[iceman]

I wonder what proportion of their clients have apple products. A significant proportion I imagine are not being serviced well.

Until the end of 2022, Paywave fees were high in NZ. Maybe since the Retail Payment Ace came into effect, payWave will be more widely available in NZ.
https://www.rnz.co.nz/news/business/...nt-availablity

I had a call from a Kiwibank Customer Service guy from Dunedin asking me what the reason was for me closing the account. I told him I was happy with my credit card account in general but the only reason was their stated policy of not accepting Apple Pay in the foreseeable future. His response indicated that he wasn't surprised and I clearly was not the first person he had dealt with quitting for that reason. I think Kiwibank is making a huge mistake and is being left behind. The bank that was going to take on the "Big Aussie banks" with much bravado. The customers won't come back, especially given the increasing difficulties and interrogations involved with starting new accounts.

[warthog]

I had a call from a Kiwibank Customer Service guy from Dunedin asking me what the reason was for me closing the account. I told him I was happy with my credit card account in general but the only reason was their stated policy of not accepting Apple Pay in the foreseeable future. His response indicated that he wasn't surprised and I clearly was not the first person he had dealt with quitting for that reason. I think Kiwibank is making a huge mistake and is being left behind. The bank that was going to take on the "Big Aussie banks" with much bravado. The customers won't come back, especially given the increasing difficulties and interrogations involved with starting new accounts.

Kiwibank's attitude is consistent with that of the owner of that business: they know best.

[Snoopy]

I don't use anything else these days and feel it is safer than a physical card. Not to mention not having to carry a wallet wherever I go.

Yes but an iPhone is a lot more bulky that a card wallet, or even a full money card wallet.

SNOOPY

[iceman]

Yes but an iPhone is a lot more bulky that a card wallet, or even a full money card wallet.

SNOOPY

It may well be but if you leave home without your mobile phone, I suggest you belong to a small minority of people. If you don't carry a mobile phone on you when you're out, you are clearly not in the target market for the Apple Pay technology !!
Why would I want to carry my wallet with me when I've got everything I need in the phone ?

And you're also wrong about the 6 figure code. As Bjauck said, EITHER a face recognition that most people have, or a 6 digit code.

[GTM 3442]

"Why would I want to carry my wallet with me when I've got everything I need in the phone ?"

Because I don't want a single point of failure - I want redundancy-based resilience.

[Zaphod]

"Why would I want to carry my wallet with me when I've got everything I need in the phone ?"

Because I don't want a single point of failure - I want redundancy-based resilience.

As long as we recognise with increased resilience comes increased risk.

[GTM 3442]

As long as we recognise with increased resilience comes increased risk.

And increased utility.

It's a perpetual trade-off - risks have to be managed but cannot be eliminated.

G*d bless the twenty-first century and all who sail in it!