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iOS8 could have an impact on FinTech

With iOS 8 installed on thousands of developer devices, details about the operating system continue to leak out. Some features could have an impact on FinTech.. The big ones we noticed were: Randomized MAC addresses and Safari credit card scanning.

Randomized MAC addresses - iOS randomizes the MAC addresses of iOS devices when scanning for WiFi networks, which makes it more difficult for companies to track and gather location data on a customer. Safari credit card scanning - In iOS 8, Safari can utilize the camera to scan in credit card numbers when making online purchases, a faster alternative than manually entering a credit card number. Currently, this scanning function is available in the App Store to scan in iTunes Cards, and the credit card scan functions in the same way.

Tags

data, payments