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The whole "tap to pay is safer than chip" thing is backwards and nobody wants to admit it
After watching a guy at the coffee shop near my office in Austin hold his phone up to the reader for 8 seconds while the terminal froze and then having to re-ring the whole order, I'm convinced these contactless limits are just making fraud easier since there is zero verification on purchases under $50.
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taylor_hayes251mo ago
That dude clearly had an older phone or bad NFC calibration, which is a hardware issue not a tap to pay problem. In my experience the tokenization makes it way harder to steal than a magstripe swipe.
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susana661mo ago
@taylor_hayes25 you're dead right. Lock your phone for tap to pay and you're golden.
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troythompson1mo ago
I saw this article the other day about how tap to pay tokens actually expire after a few minutes so even if someone intercepted the signal they'd get a useless code. "Lock your phone for tap to pay" is a good extra step though cause it prevents someone from just tapping your unlocked phone without you knowing. I've had my phone in my back pocket and accidentally triggered payments before, so locking it solves that too. Plus most new phones let you set it so you have to unlock first before any NFC reader can even talk to your wallet.
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