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President Obama to Address Cybersecurity and Secure Payment Technologies on Friday the Thirteenth


Stanford University will be welcoming President Obama on Friday the thirteenth to speak about cybersecurity and secure payment technologies at the Cemex Auditorium, Stanford Graduate School of Business.


The Cyber Summit is "going to bring everybody together – industry, tech companies, law enforcement, consumer and privacy advocates, law professors who are specialists in the field, as well as students – to make sure that we work through these issues in a public, transparent fashion."


From increasing cybersecurity information sharing to improving adoption of more secure payment technologies, topics listed by the White House that the summit will address:


•Public-Private Collaboration on Cybersecurity

•Improving Cybersecurity Practices at Consumer-Oriented Businesses and Organizations

•Promoting More Secure Payment Technologies

•Cybersecurity Information Sharing

•International Law Enforcement Cooperation on Cybersecurity

•Improving Authentication: Moving Beyond the Password


Government officials, CEOs from a wide range of industries including the financial services industry, technology and communications companies; computer security companies and the retail industry; as well as law enforcement officials, consumer advocates, technical experts, and students who will gather to discuss pressing issues at the all-day summit organized by the White House.


While CNN seems to be confused as to why Apple's CEO Tim Cook will be speaking about security, it's pretty clear that Apple Pay is already a major force in the digital payment market and many in this field have praised Apple for their Apple Pay Security measures. This is one of the key topics at Friday's event so there should be no confusion on the matter at all.


More Secure Payments


Apple's Apple Pay webpage states that "Every time you hand over your credit or debit card to pay, your card number and identity are visible. With Apple Pay, instead of using your actual credit and debit card numbers when you add your card to Passbook, a unique Device Account Number is assigned, encrypted, and securely stored in the Secure Element, a dedicated chip in iPhone. These numbers are never stored on Apple servers. And when you make a purchase, the Device Account Number, along with a transaction-specific dynamic security code, is used to process your payment. So your actual credit or debit card numbers are never shared by Apple with merchants or transmitted with payment." You could read more about Apple Pay here.


Earlier today we posted a report titled "JetBlue is the First Airline to Accept and Promote Apple Pay at 35,000 Feet," showing how Apple Pay and the iPad mini will be handling onboard purchases with ease and style.


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