With the launch of Apple Pay in Kyrgyzstan, Apple smartphone owners are raising questions about the security of financial transactions. The main concern is the potential access of unauthorized persons to bank cards stored on the device in the event of its theft or loss.
Payment Protection Technology
Apple Pay security is based on the use of tokenization technology. This means that when making a purchase, the real bank card number is not transmitted to the merchant and is not stored directly in the smartphone's memory.
Instead of card data, a special digital token is used for the transaction, which is strictly tied to a specific device. Additionally, unique cryptographic data is created for each individual operation to confirm the authenticity of the payment.
How Payment Works
To use the service, you must add a card to the Apple Wallet app. The payment process at retail outlets requires mandatory identity verification of the owner via biometric data or a passcode.
- Face ID
- Touch ID
- Passcode
