Can Technology Make Payments More Secure?

The video explains how Apple Pay works, focusing on its security features like tokenization and biometric ID. It discusses the role of Visa and banks in verifying cardholders and the transition to chip technology. The video highlights the importance of securing both physical and digital transactions and the challenges retailers face in adapting to new payment technologies. It also compares the effectiveness of tokenization and biometrics in reducing fraud risk.

What role do biometric IDs play in the security of Apple Pay?

In what ways can Apple Pay and chip technology work together to improve transaction security?

What challenges do retailers face in adopting chip and PIN technology?