The weak link in Apple Pay’s strong chain is bank verification. Who’s to blame?

Ars Technica
By Megan GeussMar 5, 2015, 5:15 pm1.8k ptsInteresting
Earlier this week, a February blog post by mobile payments consultant Cherian Abraham captured the attention of the media and set off a flurry of articles about rampant fraud on Apple Pay. But despite headlines declaring that Apple Pay sees 60 times more fraud than magnetic stripe credit cards, the details are…

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