Sponsored by American Express
Near field communication (NFC) isn’t an entirely new technology in mobile phones, it has just taken a while for it to be adopted, it certainly has in Australia anyway. Over the past month we’ve been exploring the use of Apple Pay, a fabulously innovative service currently available to American Express Card Members with an iPhone 6, 6s or an Apple Watch.
Apple Pay requires the user to load their compatible card into the Wallet app, which in turn allows them to pay for goods via contactless technology at participating retailers. Like you would with any contactless card payment, you hold your iPhone to the payment terminal. The Wallet will wake up, and you then use your fingerprint to authorise the payment. Done.
Outside of the seamless nature of payment, Apple Pay is also far more secure than using your physical cards. Unlike normal card payments which trigger an exchange of information, Apple assigns a unique Device Account Number when you add a card to your wallet. That number is encrypted and securely stored in the Secure Element, a dedicated chip in the iPhone, iPad and Apple Watch. When you make a purchase, the Device Account Number, along with a transaction-specific dynamic security code, is used to process your payment. So your actual card numbers are never shared with merchants or transmitted with the payment. Furthermore you avoid taking your card out of your wallet revealing your name, card number and personal pin to cashiers.
We spent a weekend in Manly blowing retailers’ minds with a wave of the magic iPhone, it’s crazy how many people aren’t aware of this awesome feature. Check out the clip below.
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