The National Bank brings Apple Pay to its cardholders

The National Bank today brings Apple Pay, an even more secure and private payment method. Holders of National Bank Mastercard® & Visa cards can now carry out their transactions, avoiding exchanging cash, using their physical card or entering their PIN. Holders simply hold the iPhone or Apple Watch near the POS terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with the Face ID, Touch ID or device password, as well as a unique dynamic security code. Apple Pay is accepted in grocery stores, pharmacies, taxis, restaurants, cafes, retail stores and many more.

Holders can also use Apple Pay on iPhone, iPad and Mac to make faster and more convenient purchases on apps or sites without having to create accounts or type in shipping and billing information repeatedly. Apple Pay facilitates payment for fast food and delivery, online shopping, transportation, parking, etc. Apple Pay can also be used to make payments in Apple Watch applications.

Security and privacy are at the heart of Apple Pay. Holders when using the Visa or Mastercard debit or prepaid card with Apple Pay, the actual card numbers are not stored on the device or on Apple servers. Instead, a unique device account number is assigned, encrypted, and securely stored in Secure Element, a certified industry standard chip designed to store payment information securely on the device.

Apple Pay is easy to set up and configure. On the iPhone, the user simply opens the Wallet application, presses the “+” symbol and follows the steps to add the debit or prepaid National Visa & Mastercard. Once the card is added to the iPhone, Apple Watch, iPad and Mac, it can start making payments with Apple Pay, while it will continue to receive all the rewards and privileges provided by the National Bank cards.

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Source From: Capital

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