PayPal is using Apple’s recent iCloud security flaws to highlight its own mobile payment services, which is available for plenty of platforms, and even embedded in products like the Galaxy S5, as superior to Apple Pay.
PayPal recently took out a full-page ad in The New York Times that trashes Apple Pay and suggests that it may not be as secure as other options on the market. “We the people want our money safer than our selfies,” PayPal says, pointing to the iCloud vulnerabilities that allowed hackers to access selfies stored in the cloud recently. “Download the PayPal app now and securely buy almost anything with just one touch.”
Apple has touted its focus on privacy and security with Apple Pay, which doesn’t share your card number, your name or anything else with a cashier at the point of check-out. Data is stored on a specific secure chip on the iPhone 6 and iPhone 6 Plus, dubbed the “secure element,” and Apple says the chip doesn’t store your credit card numbers either. It sounds convincing enough to us, but PayPal doesn’t want you to forget about its options, either.
Anything stored in the cloud seems open to possible attack, and this is certainly an ongoing issue that Apple and its competitors like PayPal are going to have to try to get the public comfortable with if either is ever to be adopted by the mainstream. Here’s the full ad: