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The Wall Street Journal: Apple Pay stung by low-tech fraudsters

2015-03-06 04:29:55| Grocery - Topix.net

Those Apple products have a higher resale value than most of those available through other merchants that have signed on to the Apple Pay system, such as Whole Foods Market Inc. The Apple Pay system itself hasn't been penetrated by hackers. Rather, fraudsters are entering stolen card data into phones, which can then be used to make purchases without a physical card being present.

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