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.