Apple received a patent for its card to card transfer technology through Apple Pay

Apple has received a patent for the technology of transfer from card to card through Apple Pay . To transfer funds, you must select one of the associated bank cards, the payment amount and the final recipient using the Apple Wallet application. After that, the funds will be sent as an encrypted data packet.

Pre-user must pass fingerprint authentication. This authorization method has appeared in Apple devices, starting with the iPhone 5s. And for iPhone 6 owners, the function of sending funds to a nearby subscriber is implemented.

There are several similar applications on the market. While among them there is no clear leader. The goal of Apple was to release an application that works with all iPhone owner cards. Apple patented its technology not to promote it in the future. The company wants to limit the activities of potential competitors in the new market, reports the publication Business Insider.
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Today, Megamind wrote that MasterCard offers new ways to identify a customer when paying by card. A special mobile application has been created for the operation of the authorization system, in which you can choose as a way to identify selfies or scan fingerprints. The developers have already signed an agreement with all leading manufacturers of mobile devices.