The Apple Pay payment service allows consumers to pay contactless and in-app, as frictionless and secure a payment can be. Consumers are able to securely store credit and debit card details into their Apple Pay wallet and confirm payment by simply scanning their fingerprint with Apple's Touch ID or by using Face ID. Apple Pay transactions are in fact still MasterCard, Visa or American Express card transactions (it is their card that 'sits' in the wallet). Existing card processing connections and merchant acquiring connections could support these Apple Pay payments. The service has been introduced in October 2014 in the US. Several Payment Service Providers are already participating in the service or have announced to support the acceptance of Apple Pay payments.
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E-wallets will equal cards as the most popular payment method globally.
In 2012, $295 billion was processed through e-wallet payments. This is set to rise to $1,656 billion by 2017.
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The Apple Pay payment service allows consumers to pay contactless and in-app, as frictionless and secure a payment can be. Consumers are able to securely store credit and debit card details into their Apple Pay wallet and confirm payment by simply scanning their fingerprint with Apple's Touch ID or by using Face ID. Apple Pay transactions are in fact still MasterCard, Visa or American Express card transactions (it is their card that 'sits' in the wallet). Existing card processing connections and merchant acquiring connections could support these Apple Pay payments. The service has been introduced in October 2014 in the US. Several Payment Service Providers are already participating in the service or have announced to support the acceptance of Apple Pay payments.
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BLOG | Apple Pay uses the latest payment and security technology out there to make the most elegant and secure payment experience possible. MasterCard, Visa and American Express are the ones delivering the payment technology and infrastructure to make it all happen. Their worldwide payment networks facilitate (potentially) fo [...] Read more
BLOG | Linkpay, the cloud-built payment solutions platform based in the US, announced last Friday their integration with Apple Pay, the new mobile payment system by Apple. Linkpay, together with Adyen and Braintree, is amongst the first Payment Service Providers announcing the s [...] Read more
UNITED STATES | Adyen and Braintree have both announced the support of Apple Pay for its merchants. Apple Pay, the new payment service by Apple, was announced last week when the new iPhone 6 and iWatch were announced to the world. Adyen, one of world's leading Payment Service Providers, adds Apple Pay to its payment offering of over 250 local payment methods. Apple Pay [...] Read more
BLOG | Apple Pay uses the latest payment and security technology out there to make the most elegant and secure payment experience possible. MasterCard, Visa and American Express are the ones delivering the payment technology and infrastructure to make it all happen. Their worldwide payment networks facilitate (potentially) fo [...] Read more
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