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Published: February 17, 2019

Samsung/Apple Pay and Liability Shift

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A question we've received recently was whether Apple Pay, Samsung Pay, etc. (NFC) were secure, and where the liability fell. To explain this let's first explore how these payments work. Apple Pay and Samsung Pay are considered mobile wallets. On a capable mobile device, you setup your account information and enter your cards in the secure application, and once setup you just tap your mobile device on a compatible terminal at checkout and the payment is made. Some additional security features include include pin or fingerprint verification (based on device capability) in order to authorize a transaction. The advantage of using these services is that the card and customer data is encrypted by the application and every transaction is tokenized and unique making the transaction data useless to a potential hacker.

Since mobile payment technology is considered more secure they are not affected by the EMV liability shift. If you are not currently accepting NFC payments, call us to find out how to start at 1-800-644-3909.

Best Regards,
The Agapay Team

AGAPAY - Transactions that give

Agapay was founded on the idea that payment processing should be ethical and give back to the community. In pricing, structure and service, we will always do our best to give the most value and maximize service.
Agapay is a Registered Partner/ISO of Elavon, Inc. Georgia [a wholly owned subsidiary of U.S. Bancorp, Minneapolis, MN]
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