How secure is tap to pay Iphone?
How secure is tap to pay Iphone? With Tap to Pay on iPhone, customers' payment data is protected by the same technology that makes Apple Pay private and secure. All transactions made using Tap to Pay on iPhone are encrypted and processed using the Secure Element and, as with Apple Pay, Apple doesn't know what's being purchased or who is buying it.
What are the disadvantages of contactless payment?
Because contactless payments require neither PIN nor signature authorisation, lost or stolen contactless cards can be used to make fraudulent transactions.