The Easy, Secure and Private Mobile Payment Service Continues to Grow
PURCHASE, N.Y.--(BUSINESS WIRE)--
MasterCard cardholders with a consumer credit or debit card from BECU,
Fifth
Third, First
Niagara and Huntington
National Bank now have access to easier, more secure everyday
payments through Apple Pay. After a successful introduction and strong
initial consumer adoption, Apple
Pay continues to expand with additional cards from new banks and
credit unions that consumers can add to Apple Pay, delivering more
payment choices to a growing number of MasterCard cardholders.
Owners of the new iPhone 6, iPhone 6 Plus, iPad Air 2 and iPad mini 3
can now use their U.S. MasterCard consumer credit or debit cards from a
growing list of banks and credit unions through Apple Pay. Security and
privacy is at the core of Apple Pay. When you add a credit or debit card
into Apple Pay, the actual card numbers are not stored on the device nor
on Apple servers. Instead, a unique Device Account Number is assigned,
encrypted and securely stored in the Secure Element on your device. Each
transaction is authorized with a one-time unique security code.
"When vetting mobile wallet options we look for products that are both
convenient and secure and Apple Pay fits that criteria," said Randy
Koporc, head of Payments and Commerce Solutions for Fifth Third Bank.
"We are excited to provide this innovative mobile payment solution to
our customers.”
“We continue to see positive momentum around Apple Pay from our issuing
banks, merchants and consumers alike who are taking advantage of this
intuitive and secure payment option,” said Matt Barr, group head, U.S.
Emerging Payments MasterCard. “Consumers want to be able to shop where
they want, when they want and how they want – and they want to do so
with the confidence that their money is safe and secure no matter how
they choose to pay. Meanwhile, merchants and issuers are looking to
provide their customers the option to use the payment forms that meet
this need and Apple Pay delivers on this.”
To help consumers use Apple Pay, MasterCard has developed the MasterCard Nearby
app, available in the App Store, which helps you easily
find merchants near your current location that accept contactless
payments.
For more information on Apple Pay, visit: www.newsroom.mastercard.com
About MasterCard MasterCard (NYSE:MA), www.mastercard.com,
is a technology company in the global payments industry. We operate the
world’s fastest payments processing network, connecting consumers,
financial institutions, merchants, governments and businesses in more
than 210 countries and territories. MasterCard’s products and solutions
make everyday commerce activities – such as shopping, traveling, running
a business and managing finances – easier, more secure and more
efficient for everyone. Follow us on Twitter @MasterCardNews,
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Source: MasterCard Incorporated