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Old application involved 60 printed pages and took as long as eight hours to complete. -- For more information read the original article here.
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Apple is the most valuable brand in the world, according to the 15th annual Interbrand Best Global Brands report. In the recently released 2014 list, Apple retained the top spot for the second straight year with a value of US$118.9 billion. This... -- For more information read the original article here.
Philips on Thursday announced a new lineup of television sets for India that are reportedly bundled with Apple TV set-top boxes in an apparent "partnership" that, if in fact authorized by Apple, would be the first time ever for such a promotion [updated]. -- For more information read the original article here.
Activist shareholder and invstor Carl Icahn is back at work poking at Apple, this time in a letter to Tim Cook published on the Shareholders' Square Table website. The short version? "Dear Tim, Remember all of those shares of Apple stock I bought?... -- For more information read the original article here.
Both Bush and Obama set 2014 as the deadline. -- For more information read the original article here.
"Star Wars"-themed effort aims to anticipate behavior and gauge trustworthiness of individuals. -- For more information read the original article here.
Apple's new Apple Pay payment system has been designed to be ultra secure, taking advantage of existing NFC tokenization specifications to keep user payment information safe. Apple uses tokens, or unique Device Account Numbers, to replace card numbers and transactions are verified through both one-time use security codes and Touch ID.
Ahead of the launch of Apple Pay, The Daily Dot has spoken to several different banks working with Apple on the payments service, including Navy Federal Credit Union, USAA, Chase, and PNC, to get their thoughts on its security.
According to Navy Federal VP of credit cards Randy Hopper, the bank was "very excited" to see what Apple had developed, because it is "convenient, secure, and private." Apple's use of tokenization "addresses all points of weakness across the payment system."
USAA assistant vice president Vikram Parekh, meanwhile, said that the bank is confident enough in Apple Pay to assume all liability for unauthorized or fraudulent transactions, both in retail stores and for online purchases.
Apple Pay is "extremely secure" and "zero liability for fraudulent transactions still applies," said Chase spokesman Paul Hartwick, while Tom Trebilcock, vice president of digital at PNC Bank, pointed out that tokenization will protect consumers from "potential mass theft of credit and debit card information." Stolen credit cards and customer information have plagued millions this year, as major retailers like Target and Home Depot saw massive security breaches that compromised significant amounts of customer data.
Ahead of the launch of Apple Pay, The Daily Dot has spoken to several different banks working with Apple on the payments service, including Navy Federal Credit Union, USAA, Chase, and PNC, to get their thoughts on its security.
According to Navy Federal VP of credit cards Randy Hopper, the bank was "very excited" to see what Apple had developed, because it is "convenient, secure, and private." Apple's use of tokenization "addresses all points of weakness across the payment system."
USAA assistant vice president Vikram Parekh, meanwhile, said that the bank is confident enough in Apple Pay to assume all liability for unauthorized or fraudulent transactions, both in retail stores and for online purchases.
"USAA has a zero liability policy and members are never liable for any losses related to unauthorized [or] fraudulent activity, this does not change with Apple Pay," Vikram Parekh, Assistant Vice President at USAA Bank tells the Daily Dot.Both Chase and PNC offered similar statements, suggesting banks that have partnered with Apple feel that the payments system is secure enough for them to offer consumers the same protections they get with standard credit cards.
"The bank has liability for any purchases made when Apple Pay is offered and used as the form of payment. This is true for both face-to-face and for "in-app" purchases," Parekh explains.
Apple Pay is "extremely secure" and "zero liability for fraudulent transactions still applies," said Chase spokesman Paul Hartwick, while Tom Trebilcock, vice president of digital at PNC Bank, pointed out that tokenization will protect consumers from "potential mass theft of credit and debit card information." Stolen credit cards and customer information have plagued millions this year, as major retailers like Target and Home Depot saw massive security breaches that compromised significant amounts of customer data.
"From Navy Federal's perspective we're excited about the whole tokenization process," Hopper says. "The whole process of providing a payment token as opposed to the financial account number actually reduces the risk to the system and to everyone participating in it, from the customer, to the retailer, to the -- For more information read the original article here.