Re:Hands on with Apple Pay Competitor CurrentC
by pdpi on Thursday November 05, 2015 @07:36PM
(#10517152)
> The merchant doesn't see your real cc number, just a one-use token
It's worth noting that the token is one-per-vendor, rather than one-per-payment. This is what allows TFL to match your tap-in to your tap-out on the London Underground, and what allows them to apply daily/weekly capping on fares.
Apple knows nothing about your cards (they are all encrypted on-device), and nothing about your transaction except that there was A transaction (since Apple just sees a token that gets passed from you to the card provider).
The merchant doesn't see your real cc number, just a one-use token. So they can't track you unless you choose to add a loyalty card.
The card provider sees all details of the transaction. Just as now, and what you want.
And the real cc details are stored in dedicated silicon on a fingerprint-locked device.