quote:
Only Boomers think that it's not secure or the "govt will steal my info"

And only millennials think pulling a tiny plastic card out of your wallet is a chore.

I’m Gen X so allow me to offer a middle ground.

The security question is valid. It’s one more company in the “information chain” with your financial information, even if it is “tokenized”. I would argue tokenization actually makes your financial information more secure, but the point is valid to a degre.

And yes, it’s pretty simple to swipe/tap a card, but squeezing my watch twice, holding it close to the terminal and walking out the door with my stuff makes me feel like Dick Tracy. Which should appeal to Boomers.

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Posted by fallguy_1978

Best States #50

Member since Feb 2018

49092 posts

Posted on 4/1/24 at 12:32 pm to Dadren

I've accidentally paid for things with Google Pay a few times because I was reading TD or something and held my phone too close the reader

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Posted by LemmyLives

Texas

Member since Mar 2019

6571 posts

Posted on 4/1/24 at 5:49 pm to Dadren

quote:
The security question is valid. It’s one more company in the “information chain” with your financial information, even if it is “tokenized”. I would argue tokenization actually makes your financial information more secure, but the point is valid to a degre.

Tap to pay with card or with a phone are the same thing, for the layman. The security question is *not* valid, because every entity in the process is selling your (supposedly anonymized) data anyway. Chase, Kroger, Visa, your mortgage broker, your car loan company, Xfinity, etc. You eat at a local non franchised restaurant, and pay at a kiosk that uses Square, Toast, Resy, DoorDash, etc.? Your data is getting sold, so everyone can find out how many times you've ordered Taco Bell vs paying at a $25 a plate restaurant.

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