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Apple Pay app not secure..?
Apple Pay app would fundamentally diminish security
Apple is standing firm against pressure from Australian banks that want to install their own mobile wallets on the iPhone.
It turns out Apple doesn't take well to banks teaming up to get their own products on the iPhone.
That became clear after three Australian banks tried to pressure the tech giant into giving it access to the iPhone's near-field communications, or NFC, chip for their own digital wallet applications. NFC is what allows you to tap your iPhone at the register to pay for goods and services.
Apple responded to the banks' request last week with a strongly worded letter that came to light on Tuesday, explaining that letting the banks have their way would "fundamentally diminish the high level of security Apple aims to have on our devices."
The iPhone's NFC is the critical piece of tech that powers Apple Pay. The company keeps it under lock and key, reserving it solely for its own service. The introduction of Apple Pay has driven consumer interest in mobile payments, and hundreds of financial institutions around the world have partnered with Apple Pay to allow their customers to link their bank accounts to their iPhone digital wallets.
Australia, however, boasts only one participating bank: ANZ. Apple has so far failed to negotiate terms with any of its rivals, which appear to be collectively boycotting the service.
The Commonwealth Bank of Australia, the National Australia Bank and Westpac Banking Corp are attempting to challenge Apple's digital wallet monopoly on the iPhone by appealing to the country's regulator, the Australian Competition and Consumer Commission. They want permission to negotiate with Apple, with the hope of installing their own mobile payment system on the device.
But Apple is having none of it. Its own letter to the regulator contains a warning to the banks that it will not allow external parties determine its future hardware and software decisions, especially when they gang up against the company.
"Allowing the banks to form a cartel to collectively dictate terms to new business models and services would set a troubling precedent and delay the introduction of new, potentially disruptive technologies," it reads.
The full letter also contains specific legal arguments by Apple as to why the bank's request should not be taken forward by the ACCC. The regulator will start to consider arguments from groups on both sides -- including Apple and the banks -- after August 18.
Representatives for the banks did not immediately respond to requests for comment.
Article on ITProPortal.com
Here’s how contactless payments are putting you at risk of fraud
01/08/2016
By Sam Pudwell, PRODUCTION EDITOR
sam.pudwell@itproportal.com BUSINESS NEWS
The contactless payments industry is in the midst of a meteoric rise, with over three billion contactless payments being made in Europe over the last 12 months, led by Poland, Spain and the UK.
However, a third of consumers still don’t trust contactless payments and card fraud experts have now warned that pubs and restaurants are putting customers at risk by asking them to physically hand over the card during payment.
This goes against the UK Cards Association’s best practice guidelines, which advises that “the card or device should always stay in the customer’s hand (or on their person in the case of wearables), and both you [the retailer] and the customer should follow the terminal prompts.”
This is something the majority of businesses and consumers are unaware of and fraud experts have called on the government to make the guideline a compulsory rule in order to protect consumers. Andrew Goodwill, founder at the Goodwill group, said: “The setup in many pubs and restaurants means that the card machine is situated behind the bar. Change is needed here, but it must first come from consumers.
“They should live by the rule that they take as much care of their card as you would with their wallet. Customers are being made vulnerable to having their card skimmed [fraudulently copied] if they hand their card over, so they should refuse when asked to do this.”
James Daley, director at campaign group Fairer Finance added: “The risk of bad practice and fraud is much more prevalent in busy bars and small shops. Taking people’s tap and go cards away has become so common that people think that’s what they’re meant to do, when in fact they should be doing the opposite.”
btw - I never hand over my card and I never do the 'tap n go'.
as for you Dave,
you should stop pretending you are important in any of this.
and stop pretending to be a victim of our scorn.
no-one is blaming you for the state of smme.
we are blaming you for being an absolute prat and a nuisance.
Really..??!!
this is your version of 'easy'?
Not even I would support that contention Duke.
I first signed on with this outfit on 22.2.2000.
I won't go into all the grief and rubbish we have been handed. We all know about that, with and without the help of Mike and Dave and Doc and Glen.
While I understand you are simply engaging with the idiot you perhaps should not make such naive statements about investing with smme being 'easy'.
It has significantly challenged people's mental strength, emotional health, and had significant negative impacts on many families and their futures.
And we ain't even close to resolution. Despite comments from 'she who would be obeyed' on another board we are still nowhere until we are somewhere, and that somewhere is miles away.
Even when (..if..) we win, one cannot really say it has been 'easy'.
BO - I agree,
but in defence of the indefensible may I suggest that its good practice to continue to look for opportunities.
There ain't a contract until there is one, and all the talking and posturing and handshakes and smiles and promises that go along with these negotiations means absolutely zip, until it happens.
So why wait for it to (maybe) happen? Why waste time on a maybe? No point walking through a two or more year process only end up with zip and then start again with another entity. Get 'em all hanging I say. Talk to as many as one can and hope that something comes from it. Maybe create some competition along the way.
And I have stated many times before that it is often the other party that restricts smme from talking about detail, and for good reason.
Beyond that BO - I am not representing the CEO or stating she has any credibility.
I am simply hopeful and I agree its painful.
its got nothing to do with whether or not we accept it.
its got everything to do with .. it ain't our fault.. and it ain't our responsibility to placate, or answer to or for, anyone else here.
what does POFS mean HH?
I dare ya..
understand completely,
I also represent a large cohort that has invested heaps, more and for longer, but thats probably moot.
Do not take my comments as defence of the CEO or of the way smme has meandered along. I have defended them in the past and have been left holding the dirty end! I have also slammed them many times on both boards. Yet I can do nothing but remain positive and hopeful. If OBP had to taken that 'handle' already, I might have liked it for myself.
The traders can do as they like and will no doubt continue to talk it up and talk it down depending on their positions.
We long term investors do not dare sell as there is no point, unless of course you would prefer your 4bits to waiting it out.
I agree this board is for communicating ideas, for and against, but I do not take kindly to morons who simply like the sound of their fingers touching keys and smirking at the irritation they cause.
They are prats and I shall call them out for what they are.
No I am not blind,
I have said many times that I have not been particularly happy with the way things are, here and on the smme board under a different name.
I have also said that I am all for different opinions. What I am saying in recent posts is that nobody has invited a specific few to set themselves up as the all-knowing, all-teaching, smart Alecs, and accusing everyone else as being silly buggers 'cos no-one except they know anything about anything, and simply 'cos we want smme to succeed. I don't think I know everything, but then again I don't try to tell everyone that I do.
I am also trying very hard to understand your comment about pumping, being a gambler and not an investor. Please try your hardest to set me straight here. But to help you out, I have invested heaps over 16+ years and I do not trade on ups an downs. What about you Joker? Whats your position? And are you actually a Joker, or simply a sad clown? And if you aren't invested, then WTF are you on this board for?
yep - she is an ego-maniac,
you are right about that doc. But she is our ego-maniac.
Maybe out of necessity, 'cos we've already invested so much of our money and time and emotional energy, and maybe 'cos we're all foolhardy.
Nonetheless, we don't need or want your comments on the back of all that. You are wasting your effort, your thoughts, your time and your life here.
She doesn't try to lecture us all every day, so I guess we are all signed up and invested in what she has to say. But no-one here has asked for or signed up to the trash you trot out in preaching to us like you're some kind of guru or Messiah!
You remain so very full of caca. Keep it to yourself.
Dufus,
improper variant of the word doofus,
meaning inept, and other not-so-nice things these days.
In some circles I'd agree that I am inept.
But again I say to you idiot that I do not need you to be my self-appointed educator. You are not the messiah or font of all knowledge. You are just a very naughty idiotic boy who thinks he is so much smarter than everyone else and probably less smart than he thinks he is. Whatever else, you have shown that you are nothing but an annoying prat who just wants to be noticed. Is it that you have no-one else in your life doc? Is it that, in fact, you are the one so socially inept that you cannot make pro-social relationships in the real world that you need to do it in cyber-world?
I am just so pleased to know that if this thing does go off you will only get 25,000 x the money, compared to others here who will get so much more. Prat.
you are so full of caca,
regardless of what was in your mind when started on this board, you certainly presented as a real smart alec, someone who reckons they know it all and would teach us all where we were so stupid. you criticised this company and the ceo and the posters on this board and the shareholders all the time.
then suddenly you tried to appear supportive, then you went on the attack again, and then you were supportive. what is going on in your poor little mind is none of our business.
another example of your crazy attitude is in your last post where you say I don't come here to pick a fight, because I know for the most part, whomever is on the other end will probably lose, not because they aren't passionate, but because I have a lot of experience in this field and market and have been through all the issues..
again you are telling us that you know it all and we know crap. idiot. go somewhere you can actually relate to people.
all you have ever had to say on this board had been said many times before you came here so we don't need you to enlighten us. do not pretend you are a supporter and don't lecture us. bi-polar fool.
thanks OBP I agree,
I don't enjoy his ramblings one iota.
And don't start me on how business is run in the USA... I'm sure we could all 'kick off' about business in the USA. How many $billions of financial fraud in business? Identity fraud..? Are they still on silly magnetic strip cards? How many stock market crashes have occurred because of the way things work in USA business? But thats probably for another time and another board...
He does his crap on this board and other boards because, like his mate, he has no pro-social skills at all. This is the ONLY way he can get attention from anyone other than the face in the mirror that keeps on smiling back at him.
its not your place
it ain't your place to set yourself up as my educator.
it ain't your place to try to tell us all that you are so bloody smart and that you are the only one who knows anything, and that you are the all-knowing, omnipotent sage.
When will you and the other fools get it?! We all know how things have been run - poorly. We all know that there is only one person who is navigating the company. We know. We know. We know.
So how about you stop pretending to be our bloody saviour and give it a rest.
And stop with the bi-polar rubbish or supporting one minute - trying tp get people to think they can relate to you cos you're their friend - bollocks! - and then coming out with all the "I'm so smart" crap. "Oh, you people don't really appreciate how clever I am, 'cos I've worked in the industry and I know every one and every thing, and you folk should be so happy to have me here, and if you want to talk crap to me you'll regret it cos you don't want me to an be enemy." You're an idiot.
As for me understanding how business is done in the US - I know enough and I certainly do not need or want you to be my educator. I doubt many others, if any, on this board do either. So how about you find out who does support your crap and have your private chats with them off-line and leave the rest of us alone. Cos fool, we are so over your BS!! And your bi-polar behaviours.
who cares?
you bi-polar fool!
one day you flog it all, the next you come out and appear as if you are the biggest supporter.
all the while, the only constant is that you try to make yourself look like the smartest guy in the room, with all the answers and all the experience in the world.
no-one cares mate.
all the best with your measly 25,000 shares buddy. that'll turn things around for ya!
I believe that too,
well, most of what you wrote. Many I know agree about issues pertaining to the way the CEO has behaved, misdirected, and even told us that we don't understand the spoken English language, let alone the written words. I will probably want a few minutes with her at some stage, even if we win.
The bit about Titanic is still to be determined.
The big issue I have here on this board is that some maniacs believe that shaming investors is the way forward for them. It seems as if they just want to do what they can to annoy the crap out of people..and then they complain when people stick it back at them! As if its our fault things are as they are, or we have responsibility to answer for the company, the CEO, the current or past state of affairs. One person has 'the con'. None of us here can answer those stupid questions and its not our responsibility to bring anyone up to speed with why or how things happened in the past. So anyone who has got a problem - direct your concerns to, and ask for clarification from, the CEO. Good luck with that though....history has shown that if you are too provocative on the smme board you will be banned for life. Seems someone doesn't like hard questions over there. I wonder if she'd still take my money if there was a need for more funding...?!
She just did !
I look to meeting more than just this one individual face to face!!
I really hope there will be an opportunity one day. There's plenty that should be said when they can't hide in the shadows and behind a board such as this.
including the rubbish you trot out Glen
Dave - Your "invitation" to trade shows
perhaps you need to invite hundreds to ensure you get sufficient numbers of attendees of any value.
Shot-gun effect. Ask enough people and you'll maybe get a full house!??
Nuts - so true
below is an excerpt from that invitation...
_______________________________________________________________________
This full Track Session will be 1 hr, 15 minutes (unless otherwise noted), and feature 3 – 4 speakers (depending on the session), each giving individual presentations of 15 minutes each, followed by a group Q&A session for the remaining time. All track session speakers are seated together at a head table at the start of the session along with the assigned moderator. You are welcome to use slides or video in your presentation, or speak from a prepared script. Please notify the AV technician is advance if you need special video or audio needs beyond basic Powerpoint. You are welcome to use your own Powerpoint template for this event.
- TOPIC: Biometric Payment Cards – Chaya Henrick, SmartMetric
Track Session
9:00 – 10:15
Biometrics Security Solutions
- Biometric CVMs for Payments Privacy – Fernando Ulbrich, Morpho
- Facial Scanning for Mobile Payments Verification – Speaker TBD, MasterCard
- Biometric Payment Cards – Chaya Henrick, SmartMetric
Schedule: Wednesday, April 6, 2016 Time: 9:00 – 10:15
Speakers will receive a complimentary all-access 3-day conference registration, conference materials, admission to the concurrent exhibition and all conference lunches and hospitality events, and conference hotel discounts. Track session topics and speakers during the assigned track session may change without notice. Substitutions for invited speakers must be approved by the conference chair. No speaker substitutions will be permitted after the conference has started.
That invitation was made to CCH by
Randy Vanderhoof, Executive Director, Smart Card Alliance
(also Director - EMV Migration Forum)
rvanderhoof@smartcardalliance.org
www.smartcardalliance.org
Direct Phone: (1)609.587.4208
Office Phone: (1)800.556.6828
Cell: (1)609.731.8251
_________________________________________________________________
Imagine that! Somehow it is assumed that CCH imagined her invitation and ghosted her way in. NOT!!
We also note her presence was at NO COST.
Jameson Publishing
ok Dave, you mentioned this site, so lets have a look at it shall we..?
Lets see if we can all decide why its a bad thing to be written about my this mob.
Jameson Publishing
I urge you all to review the pages on this site that refer to JPs customers - they all seem to be amazing brands. Interestingly, you will also find an article about M/C technology.
I guess its ok, for some of you, that M/C can get some traction through JP but not SMME. Would that be the case?
You are supported Duke,
at least in principle. You appear to be making a last stand, fighting alone with little overt support. I just want to let you know that many of us are still watching with interest and support your endeavours.
We are just over the rubbish that spews forth from the idiots who have no investment or interest in this company other than to try to bash it for profit. Its so obvious its a strategic effort to dominate the board with negativity. There is no possibility that these individuals have any real reason for being here other than to be paid for rubbishing the stock. Their actions cannot be construed as a kind designed to save anyone from bad investments. They just do not have a pro-social life at all, and see this board as being a way to get attention from others. I suggest they are probably the type who sit in front of TVs in public places and bars, just to get other people to look their direction else they'd never be noticed in life!
While we wait for the illustrious CEO to do us all a favour we are waiting for Medic the guru, WankeeDave and Chucky to make some of these cards. I understand there are a few orders in place from you and Nuts. These gurus all reckon its so easy and can get off the shelf products to construct the same, so we all wait for there product to hit the market.
Huge market
nothing new of course. This has been operating for some time. Global market to be explored.
Travel Card
This article refers to only a few cities across the world.
CCH - for alerting you to the market, I'll just take 0.1% from above the line if thats ok.
"Mike" by any other name perhaps?
Or is this one cleverer?
good luck with that.
we have mentioned that on previous occasions, and always met with nil result.
You need to know that your comments and queries are supported and welcome.
Feedback from Summit
When considering Reliability of information from one particular Source I'd say it was (per the Admiralty Code)..
E = Unreliable = Lacks authenticity, trustworthiness, and competency. History of invalid information.
I think that those who appear almost desperate to hear from anyone about that Summit should relax and take more care when selecting an information source. Unless you can properly trust the source and rely upon the information provided in the past, you are setting yourself up for more pain.
I am hopeful that things will go very well for SmartMetric at the Summit but I'm not going to rely upon information provided by folk I don't know or trust.
I'll tell ya Nic...
no more funding for the company from existing shareholders...or at least via my cohort anyway.
Bad enough we gotta put up with the way it is now.
No room for too giant ego-maniacs.
To OBP,
thanks again or your effort to put things straight in our minds.
Get some sleep. Next week will be huge for you.
Small price Nuts,
I agree $50 is a small price to pay Nuts.
I wonder how many of you all have a yearly fee that you must pay to your lender/bank...?
Anyone...?
It is very common for banks to charge for lending packages. Fees can be as much as $395 here in Oz.
What do they charge you in the USA and elsewhere?
That charge used to be called a Credit Card fee, but now it seems to be a more politically/financially correct term for a Package Fee - or we can just call it for what it is....smoke and mirrors and a rip-off by banks. I agree that is not charged to everyone who has a credit card. I suppose its more often charged to folk who have number of accounts with banks, and the individual wants them all linked in some way. An example would be for a person who has several loan accounts, a savings account, and a credit card, and wants them all linked so they are accessed through an ATM.
I am certain that banks make enough out of people in that situation to be amortise that $50 card fee to smme. $50 is nothing and they pass it on anyway. We as consumers are already paying heaps more than that; for the ability to link our accounts we pay exorbitant fees for a few minutes of computer admin.
Today's PR.
C'mon you lot. Who is going to be the first? I am so very tempted to go 'all out' but I am gunna leave it to lot to have first crack. Let's look at the headline of the PR today...
NEW YORK, NY--(Marketwired - March 16, 2016) - SmartMetric, Inc. (SMME) --
Following research commissioned by SmartMetric that shows 80% of consumers are concerned about credit card and identity fraud, 68% of Visa credit card holders surveyed would pay $69.95 for a SmartMetric biometric fingerprint protected credit card.
Who wants to challenge this? Anyone? Shall I give you a hint? Ok - its the first five words within the actual text. Are you all happy with that?
Omu,
Refer Post # 8629
Geez !!!
Trust you understand
a card will not work until the bank or other entity taking it on actually does its magic behind the scenes.
We've been down this road before..
When you have an expired card the bank creates a new one for you. Blanks are sent to the clever people who do the magic of uploading and linking all your information and the bank's information so the card will work when you stick it in a hole or swipe it in a hole or tap it over a machine. The bank sends it to you or tells you to go to the bank and sign for it. Until then it has all the working bits but it will not work will it? No. Not until all that other stuff happens.
So how then do you think smme can demonstrate a 'working' card to the world until a bank has done its bit of the puzzle? It can only demonstrate a proto-type or demonstration model, with flashing lights and goodness knows what, sufficient to hook a partner to take on working trials. Only then will that 'partner' do its magic with the blank cards they get delivered by smme, issue them to customers of various demographics, and monitor results and opinions of those customers. It would not surprise me that even more modifications are made to the card before we're all wealthy. And if CCH is to be believed at all (!!!!!) we are up to iteration number 7? 8? more? of the card, 'cos each time they get to where they thought they wanted to get to, they decide on another improvement.
Not saying I'm happy about all this mind you, just saying...
Have I missed anything?
Interesting read..?
This article was posted overnight on LinkedIn for members of the Financial Risk, Fraud & Security member group.
Is fingerprint technology more secure than passwords
I am sure someone will tell me if I am right or wrong, but it seems to me that the author is helping to build an argument for smme technology over competitors who wish to continue use phone technology for everything in their lives.
I have this image in my head of how hard it would be to walk down the street and not bump into anyone, or having people walk into your car at crossings. There's enough idiots with their phones in front of the faces already, without giving them another reason to be on it.
No back door
whatever can be said about this company's history or future, the information that was recently released about this Summit was not done through the back door.
The information came from OBP to this site. OBP had located that information via completely independent 'open source' media, and that source was referenced in (his) post. Therefore it was not circulated by smme to us through any back door channels.
it surely is what OBP is thinking
Glen - how is it you think you know what OBP thinks?
Your opinion of the great leader is noted, and many would agree.
However, this is a prestigious event for those in that space.
Can you think of a better place for Smartmetric to spend time and gain attention?
Is there a more appropriate forum for CCH to be trotting out the technology?
It is not a summit to which a person can invite oneself to speak, and CCH was in fact invited to attend as a speaker.
Perhaps we should be a little thankful that she was invited and hope like hell that it works in our favour.
Maybe I'll go and have look my myself...
PoorP-S
Bale - You da Man!
I agree with you Bale Out. Totally.
I also think that all the bleating on this board will do nothing to change things. There is no person on this board who has the knowledge of how things really are, or if there was that person could still say nothing. There is certainly no-one here who can change things - only hear the frustration here.
All gripes should be directed straight to the illustrious, omnipotent, messiah that is our CEO. And I guess also to the faceless ones that occupy the board of directors seats - those who sit comfortably behind the scenes and do what exactly?! They are so 'grey' that I don't think I can even recall their names... oh yes, Needelman etal. Anyone ever heard of them? Anyone know what they do?
So maybe all you angry souls that want to get answers should stop with the whining here and make your plays direct to the Big Cahuna and fill her Inbox. Not sure it'll do any good, but neither will bleating here. Sorry I don't have the answers for y'all.
PoorP-S
Yep - agreed.
That is why I wasn't posing them to the CEO, but simply for readers to ponder.
I used to pose probing questions on the other board too. I was shut down and kicked out of the room.
I remain cynical and hopeful. I must remain hopeful. But I don't like BS.
Not really.
"closer than ever before" does not mean "close".
Where are we up to now? Well you and I are only guessing 'cos we don't know, or shouldn't know!
From what has been alluded to in posts and 'releases' by the company, we can say we are in negotiations with entities who may wish to take us on as a partner.
What is required for that to happen? Lets agree between us that means a contract or agreement of sorts. Hang on a minute...we are only agreeing on a trial at this stage aren't we?
How long will that take - for such a major entity to prepare an agreement that sets out terms our CEO will be happy with? Remember we have been at this point before - having supposed agreements with Broking companies, only to be told at the last hurdle that she decoupled with them to protect us from the greedy ogres who were trying to leverage too much from us.
Anyway, assuming there is agreement, how long will that trial run? How will data be compiled and assessed by the other entity, and how long will it take to move to the next step?
Will they recommend changes?
How long until the next step of actual mass production to fill a major contract do you reckon?
How many more events of time creep or scope creep or misunderstandings about agreements will there be in the project?
Yes folks, the language and demeanour may indicate we are closer than ever before - I concur.
My experience over almost sixteen years says we are still many giant moans from completion.
As Robert Frost wrote....
"The woods are lovely, dark, and deep,
But I have promises to keep,
And miles to go.... And miles to go...(repeat)"
Well said Matt,
No tension here, although its really a bit sad that some cannot get their heads around it. And even when they get 'put straight' they are still irked enough to have a further whinge.
Its all 50%. The card works or it doesn't. Negotiations are under way or they are not. SMME will make announcements or it won't, etc.
Sounds trite - I know. But as you say, there's not a thing you or I can do about it if we don't like it.
Don't like the ride? Complain to someone else or get off the ride.
I haven't seen anything sufficiently substantial to ease my angst either, but I remain Hopeful.