this post was submitted on 28 Nov 2023
128 points (97.8% liked)
Technology
59148 readers
2606 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Yeah, I wonder what they're actually doing. Are they making it safer, or just shitty they aren't taking a cut, and changing it so they can skim off the top.
Apple Pay and similar services make payments more secure by completely hiding your actual card number from the merchant, meaning it is literally impossible to compromise your card number (can’t steal what’s not there in the first place) and it does so without introducing any new vulnerabilities or parties to the transaction.
Cool to know! What I'm wondering, though, is what changes the government are making, specifically. Why do they think it's bad, and what are they changing.
At this point it doesn't actually seem like they're proposing any specific changes at all. The draft changes some definitions in a way that Apple Pay is included as a "participant" and gives the Reserve Bank of Australia regulatory authority over it under the Payment Systems Regulation Act. Considering the fact that Australia is the country that first pushed the link tax (basically a way to make Facebook give money to Rupert Murdoch and friends just because), I'm not terribly optimistic.