More About Apple Pay
Posted by http://www.authorize.net, https://www.apple.com on 26th Sep 2014
We're excited to announce our support for Apple Pay, which Apple announced during its recent keynote event. Apple Pay supports credit and debit cards from the three major payment networks, American Express, MasterCard and Visa, issued by the most popular banks including Bank of America, Capital One Bank, Chase, Citi and Wells Fargo, representing 83 percent of credit card purchase volume in the US.
About Apple Pay (Merchants)
Apple Pay allows merchants to use their account to securely accept and process in-app payments from customers with the new iPhone 6 and iPhone 6 Plus. Apple Pay uses the Visa Token Service and similar tokenization solutions developed by MasterCard and American Express.
Benefits of Apple Pay
Apple Pay is a tokenized payment solution that replaces sensitive payment information with a digital account number or "token," which is passed in place of the actual card number, helping to make payments more secure.
Additional benefits include:
- A fast, secure in-app purchase experience - eliminates the need to enter credit card information during checkout.
- New growth opportunities - opens merchants' businesses to the millions of Apple users expected to purchase the new iPhone 6 and iPhone 6 Plus.
ECENOW is always looking at the latest technologies, Apple being one of many. We will continue to keep our merchants up to date on the latest in payments technology.
Sign up for merchant accounts, payment gateways, gift/loyalty cards, merchant cash advance/ loan, check, EBT, Debit and payroll services that we offer through our Online Merchant Application.