Infographic of Apple Pay - Freedom from Plastic

Apple Pay – Freedom from Plastic Why Retailers Should Use Apple Pay? ONLINE VISA XXXX Apple Pay stores credit and debit cards in a mobile wallet. Using this feature, consumers can make purchases in stores or within apps from their iPhone, Apple Watch or iPad. Which Devices Work With Apple Pay? iPhone 6 and iPhone 6 Plus have an inbuilt NFC antenna. A user just has to hold his iPhone near the POS contactless reader with his finger on Touch ID. A subtle vibration and beep informs the user that 12:30 payment has been made. Maxime Garden Stool Saturd Aug 12 Apple Watch supports Apple Pay. Just a double-click on the button near the NFC reader completes the payment. iPhone 5, 5c and 5s when paired with Apple Watch are also capable of supporting Apple Pay. iPad Air 2 and iPad mini 3 can also run Apple Pay. $15 How Apple Pay Works? At the POS terminal, the user simply places a finger over the Touch ID button to verify the transaction. To select an alternate card, the user waits for the device to prompt for payment method and then selects desired card from Passbook. The credit or debit card can be added in one 1 Open Passbook app in the iOS device. 2 of the three ways: ChaseDebit CHASE O Canital citibank Import your card linked to the iTunes account by reentering the card security code*. Banking Card Take a photo of the card using iSight, the built-in iPhone camera. Debit Manually enter the card details. MasterCard .... 0202 * The card linked to the iTunes account is the default payment card, but the user can also switch to using other cards. 3 Secure Transaction After the card information is entered, the iOS device communicates with the card provider's network. Apple Pay supports American Express, MasterCard, Visa. The network then returns the following information, which is encrypted and stored on the Secure Element chip inside the iOS device: 16-digit code - This is a payment token and Apple calls it the Device Account Number. It is a substitute for the real credit card number and will be transmitted for every payment. The Cryptogram - which is supplied by the payment network gets attached to the Device Account Number. It helps to validate every transaction stored in the Secure Element. Apple Pay vs Credit Cards PLATINUM DERIT CARD BANK NAME Capital With Apple Pay, POS devices never see the user's actual card number. CHASE freedom BANK NAME Even Apple does not see any aspect of the transaction, and nor does it store any related data. VISA **** 9112 BANK NAME $37 43 The employee at the POS terminal also never sees any card information. spg- Platinum Walgreens NK Website : www.softwebsolutions.com Email : [email protected] Phone : (866) 345-7638 Softweb Solutions Softweb Solutions 2531 Technology Drive, Suite 312, Elgin, Illinois 60124 AME 1234 4567 VISA