Banks want tech giants to sign mobile security code

Image Source: Article

Image Source: Article

Banks and payment companies are nutting out a new security protocol for digital wallets in Australia to avoid a repeat of the spike in identity theft when Apple Pay was introduced in the US.
Members of the Australian Payments Clearing Association – which includes banks, credit card companies and payments networks – are worried tech companies, including Google, Apple and Samsung, do not have to adhere to the same security and privacy requirements for customer information as they do.

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