- Joined
- Jul 27, 2011
- Messages
- 911
- Reaction score
- 328
Apple also unveiled their new mobile payment platform called Apple Play. Here are the details:
- Apple Pay will work with the three major payment networks: American Express, MasterCard, and Visa.
- To get started with Apple Pay, you can simply add a card from your iTunes account.
- Apple Pay will be available in the U.S. in October 2014
- There’s no need to fill out lengthy account forms. Card details are kept private and won’t be shared with the online merchant.
- Apple Pay is built through relationships with great retailers and partners.
- Apple Pay works with the top bank issuers that handle 83% of the credit card purchase volume.
- There are more than 220,000 merchant locations that accept contactless payment.
- Cashiers don’t see your name, your card number, or your security code.
- Apple doesn’t know what you bought, where you bought it, or how much you paid for it.
- It generates a dynamic security code, replacing the static security code from the back of your card
- Each transaction is authorized with a one-time unique number.
- When you add a card to Passbook, its number is never stored or shared on your device or Apple servers.
- To add a different card, just use your iSight camera.
