Apple Pay Coming Soon to You: New Banks & Credit Unions Implement Mobile Payment Service for MasterCard Cardholders
April 08 2015 - 11:00AM
Business Wire
The Easy, Secure and Private Mobile Payment
Service Continues to Grow at Rapid Pace
Making its way across the country, more than twenty new banks
and credit unions are now live with Apple Pay giving MasterCard
cardholders from California to Florida the opportunity to leverage
this simple and secure mobile payment option. Apple Pay continues
its rapid growth, delivering payment choice to an increasing number
of consumers.
MasterCard cardholders with a consumer credit or debit card from
BMO Harris, Cambridge Savings, Canton School Employees Federal
Credit Union, Centennial Bank, Citadel Federal Credit Union, First
Community Bank & Trust, First Community Credit Union, Foothill
Federal Credit Union, GTE Financial, Hiway Federal Credit Union,
KeyBank, Lake Michigan Credit Union, Logix Federal Credit Union,
Meijer Credit Union, Mission Federal Credit Union, Point Bank,
Prosperity Bank, Sandy Spring Bank, Silicon Valley Bank, US Bank,
Wanigas Credit Union, Wesbanco and West Community Credit Union now
have access to easier, more secure everyday payments through Apple
Pay. In addition, cardholders with a MasterCard small business card
from Bethpage Federal Credit Union or Navy Federal Credit Union can
also now leverage Apple Pay.
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.
“People are passionate about their devices and they’re ready for
their connected devices to do more – including acting as a commerce
device – as is evident by the positive reception and uptake of
Apple Pay,” 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. Issuers are delivering on this by enabling their
cards within emerging payment platforms like Apple Pay that deliver
consumer choice.”
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, join
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latest news on the Engagement Bureau.
MasterCardSarah
Elyoffice: 914-249-6714mobile: 914-325-4716Sarah_Ely@MasterCard.com
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