iOS 16: How Apple plans to tackle credit card fraud

iOS 16: How Apple plans to tackle credit card fraud

Apple is preparing a new security function for iOS 16, iPadOS 16 and macOS 13: In future, the Safari browser will be able to use a virtual credit card instead of the stored credit card when shopping online – and thus no longer transmit the actual credit card number to the seller to have to. The first parts of the function have already been implemented in the third beta of iOS 16, and there are also detailed references in the operating system code.

The manufacturer apparently relies on Apple Pay technology for this: a unique device account number is created for each card when it is stored (“tokenization”), which is then used for payments together with changing, automatically generated security codes – instead of the actual card number and security code . In order to enable this for the credit cards stored in the Safari browser, “limited information” is sent to the card network to create the virtual card, according to the iOS 16 code.

This is ultimately intended to secure online payments from retailers who do not offer Apple Pay as a means of payment. At the same time, Apple wants to use the security function to further promote the spread of Apple Pay: When the virtual card is created, the credit card is automatically set up for Apple Pay and can then be used for payments with Apple Pay. The prerequisite is that the respective card issuer supports this. Apple has not yet officially announced the function, but it remains to be seen whether it will be available when iOS 16 is launched in the fall. Google has already promised a similar functionality for Google Pay, which should be integrated into Chrome and Android.

In Germany, Apple Pay has now become widely available on the market. With the exception of Postbank and Santander, all major banks support the service, but there are still many providers in online retail where payment with Apple Pay is not possible. For retail purchases, Apple Pay is the only mobile payment service that is allowed to use the iPhone’s NFC interface, and the EU sees this as a possible violation of competition law.

Interview with Ladybird developers: What works correctly with the browser alternative Previous post Interview with Ladybird developers: What works correctly with the browser alternative
Linux great Lennart Poettering is moving from Red Hat to Microsoft Next post Linux great Lennart Poettering is moving from Red Hat to Microsoft