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Slant community chat on Discourse| 6 Recommended Products | Recommendations | Price | Last Updated |
|---|---|---|---|
| #1 Apple Pay· · · | 3 | 0 | – | Oct 17, 2016 |
| #2 Google Wallet· · · | 1 | 0 | – | Nov 9, 2015 |
| #3 Android Pay· · · | 1 | 0 | – | Jan 13, 2016 |
| #4 Samsung Pay· · · | 1 | 0 | – | Jul 13, 2015 |
| #5 Softcard· · · | 1 | 0 | – | Jul 13, 2015 |
| #6 CurrentC· · · | 0 | 1 | – | Aug 16, 2016 |
Pro Fingerprint authentication adds secondary authentication without requiring to remember anything
Fingerprint authentication adds secondary authentication before a transaction can be initiated. Additionally, it makes sure that nothing get's bought by accident and doesn't require remembering anything such as a password or a pin to use.
Pro The most widely used option
Apple Pay is used more than all of the competition combined.
Con Works only with iPhone 6 or later
Apple Pay is compatible only with iPhones and only those that include an NFC and Secure Element chips which currently is only iPhone 6 and iPhone 6 Plus.
Pro Best choice of supported cards through Google's Virtual Card system
Google has a partnership with Bancorp Bank that issues a Virtual Card to Google Wallet users that works as an intermediary between customer's card and merchant. It gives more choice in terms of compatible cards and works as a card fraud mitigation technique.
Pro No credit card information is stored on the phone
In case a phone is lost or stolen no access to actual credit card information can be gained.
Pro It's a platform not an app
Android Pay functions as a platform that allows third-party developers to create payment apps on top of it not as a standalone app itself. This potentially will enable higher competition between available frontends and as a result better solutions without having the payment information tied to one...
Know any negative aspects of this option?
Pro Can be used with a traditional credit card swipe reader
Samsung Pay supports Magnetic Secure Transmission technology that allows using the phone to swipe near a credit card swipe reader to pay. The technology currently is only supported in Galaxy S6 and Galaxy S6 Edge phones.
Con Killer feature is limited to a subset of smartphones
Magnetic Secure Transmission technology that allows using the phone to swipe near a credit card swipe reader to pay is only supported in Galaxy S6 and Galaxy S6 Edge phones.
Pro 4-digit PIN provides added security through secondary authentication
4-digit PIN that has to be entered before any transaction can take place adds secondary authentication and makes sure that nothing gets bought by accident.
Con No tokenization
Real credit card information is provisioned to the SIM card.
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