“Apple Pay was introduced by the giant technology company only three days ago, and already there are a number of questions about it — mostly from the financial technology industry.
Specifically, many fintech insiders are wondering how exactly Apple Pay works, and what are its security features. And, no, watching a demo of Apple Pay doesn’t quite cut it.
Bank Innovation turned to one of Apple Pay’s partners, MasterCard, for the lowdown. In an interview with Bank Innovation, Jorn Lambert, group executive of digital channels at MasterCard, shared the technical details for how Apple Pay will work when it is launched next month.”
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