9/3/2023 0 Comments Samsung pay v apple payYou then just hold your phone in front of a compatible terminal, as you would with any contactless card, and you’ll be prompted to scan your fingerprint via Touch ID to complete the transaction. The feature is baked into Apple’s iOS operating system allowing you to add a compatible debit or credit card via its pre-installed Wallet app. These two factors make it hard to intercept this information, but for all else, this is just as secure as using a credit / debit card.Using Apple Pay on an iPhone 6 or a more recent model is near-on effortless. How is this secure? First, this current appears for a very short period of time and secondly, it only spreads within 3-inch distance. This exact magnetic field contains your payment information. In order for MST transactions to work, a magnetic coil inside your Galaxy phone runs alternating currents through an inductive loop and generates a dynamic magnetic field that a terminal can read. You should know that security for those transactions is different than with NFC. Then, there are MST transactions with Samsung Pay. Each time a user starts a transaction, the SE assists in generating a random, one-time use code rather actual card numbers. It's special not just because it is dedicated to mobile payments: even its physical design is such that it is protected from hardware attacks. This is a separate and special chip inside the phone. ![]() The other important security aspect is the Secure Element (SE). The transaction uses tokenization, which means that instead of real numbers, what's transmitted over the air are encrypted tokens. If you are paying at an NFC-enabled terminal, it's important to know that the actual card number does not get transferred and have a peace of mind that malicious hackers won't be able to steal it.
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