Apple pay requires passcode or fingerprint to unlock phone?

I like best a previous answer to allow the passcode to remain active for four hours; that way you don't need to put the passcode in every time you activate your phone. Set "Require passcode" to 4 hours...

Yeah it wa a good idea I just upgraded iPhone so I could have Apple Pay only to find it incredibly inconvenient it’s easier to just get the pay pal keychain card and scan it or pull your card out plus with an otter box you can’t scan your fingerprint and the passcode doesn’t follow the options in settings for wait 15min befor requires a code entry that only works in App Store apparently so it’s officially the most useless app from Apple if you use your phone for business or just have to look at it constantly plus it’s slower to open an app type in the pass then scan finger than just pulling your card out or have cash the only good currency form

Agree completely with Dan. The situation is akin to the credit card companies and banks requiring us to put a combination lock on our wallets before they allow us to carry credit/debit cards in the wallet. Come on industry, this can be improved.

I understand your point, but it still doesn't make sense when compared to traditional way of using Credit Card.

You provided situation about what if the phone is stolen. My question to you is, how will it be different from Credit Card being stolen? In my understanding, if Credit Card is stolen, we call the provider to deactivate the account ASAP. In terms of phone being stolen, this process can be applied.

About your other reason of stealing information, the device can have at most the same information in its User Interface as the Credit Card itself. In fact, it can restrict displaying info such as expiry date, CVV, and even the account number, but still send them through NFC for payments. So I don't get what exactly someone else can steal from iphone which they cannot steal from the actual plastic card.

Bottom line, we are already using tap to pay in our credit card which doesn't require any PIN or signature. Someone can steal the plastic and start tapping, which is why there is a lower maximum limit which reduces risk. Thus, I do not understand what exactly Apple's security is trying to accomplish which the actual plastic card already has. My understanding is, the usability should be equivalent to tap to pay, otherwise Apple Pay will only be a gimmick not bringing additional convenience than using the card.

See:Apple Pay security and privacy overview and the section on Keeping your Payment secure.

Since credit card information is stored on the device, they are trying to protect you and make it more secure. It is like insurance - a waste of money unless you need it 😉

When your device is near NFC it will bring up the screen without the use of a passcode. Whether it's enabled or not, you won't need to enter a passcode.

This is a huge issue for me personally. I was very excited for Apple Pay, but I am not willing to set up a lock-screen passcode to use it. I always have my phone secured on my person and check it quite often so the value and need for a passcode isn't there for me.

I understand the need for security, but I don't see how a passcode helps. You need to scan your fingerprint anyway to even use the card. It's frankly an unnecessary layer of security, and it should not be required. My assumption is that, to minimize liability, the deals between Apple and the banks and CC networks were contingent on a very risk-averse security standard, resulting in the passcode requirement (read: overblown and non value-add security standard).

If I compare the time I would save pulling out my wallet a few times a day vs. entering a passcode or scanning my fingerprint every single time I want to check my phone, it makes Apple Pay completely irrelevant to me from a convenience standpoint. Apple needs to fix this asap.

I agree. There is not a good reason for it to be a requirement.

When I disable the password it deletes the credit cards and i got notices from BOA and AMEX that my virtual cards were deleted; that *****.

Since Apple Pay uses Touch ID to finalize your purchases you have to enable the Touch ID, however the Touch ID requires you to enter a pass code to work as you can have the option to use the ID to buy stuff on the iTunes Store and App Store. I understand your need for privacy, but as Apple has stated when the 5S first came out with the Touch ID YOUR FINGER PRINT NEVER LEAVES THE DEVICE and thus is totally safe on the device. The reason that Apple has required a pass code and fingerprint is so that in the unlikely case you do lose your phone or have it stolen no one can access it unless they have the pass code or an eligible fingerprint. Also another reason a pass code is required to unlock your phone when apple pay is enabled is because all your credit card information is on the iPhone and if someone does get their hands on your phone they have access to all of your information and thus you are inviting them to steal from you and there is nothing you could do since you do not have your phone secured because if you then tried to go to the police they, the person who stole your device, could say that you gave them permission. So finally, lock your phone with a pass code ad enable touch ID or you might as well have gotten the 5C