I'm all for consolidation, but there's something that keeps me from wanting to use Google Wallet and/or Samsung Pay.
I know that, specifically with Samsung Pay, they say their token system is even safer than swiping the actual card because of all the data located on the magnetic strip.
However, where is the original information stored when we first take a picture of our card? That image and the information we put in our phones must be stored somewhere, right? How truly secure is our data when we first put it in the Samsung Pay app?
My biggest fear is, wherever that storage location is, that our data will somehow get hacked in the future...
Thoughts?
I know that, specifically with Samsung Pay, they say their token system is even safer than swiping the actual card because of all the data located on the magnetic strip.
However, where is the original information stored when we first take a picture of our card? That image and the information we put in our phones must be stored somewhere, right? How truly secure is our data when we first put it in the Samsung Pay app?
My biggest fear is, wherever that storage location is, that our data will somehow get hacked in the future...
Thoughts?
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