Apple Announces Apple Pay - Apple (UK)

12/23/2018 Apple Announces Apple Pay - Apple (UK)
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PRESS RELEASE
September 9, 2014
Apple Announces Apple
Pay
Transforming Mobile Payments with an Easy, Secure &
Private Way to Pay
CUPERTINO, California―September 9, 2014―Apple today announced
Apple Pay, a new category of service that will transform mobile payments
with an easy, secure and private way to pay. Apple Pay works with iPhone
6 and iPhone 6 Plus through a groundbreaking NFC antenna design, a
dedicated chip called the Secure Element, and the security and
convenience of Touch ID. Apple Pay is easy to set up, so hundreds of
millions of users can simply add their credit or debit card on file from their
iTunes Store account. Apple Pay will also work with the newly announced
Apple Watch, extending Apple Pay to over 200 million owners of iPhone 5,
iPhone 5c and iPhone 5s worldwide.
Apple Pay supports credit and debit cards from the three major payment
networks, American Express, MasterCard and Visa, issued by the most
popular banks including Bank of America, Capital One Bank, Chase, Citi
and Wells Fargo, representing 83 per cent of credit card purchase volume
in the US.* In addition to the 258 Apple retail stores in the US, some of the
nationʼs leading retailers that will support Apple Pay include
Bloomingdaleʼs, Disney Store and Walt Disney World Resort, Duane Reade,
Macyʼs, McDonaldʼs, Sephora, Staples, Subway, Walgreens and Whole
Foods Market. Apple Watch will also work at the over 220,000 merchant
locations across the US that have contactless payment enabled. Apple Pay
is also able to make purchases through apps in the App Store.
“Security and privacy is at the core of Apple Pay. When youʼre using Apple
Pay in a store, restaurant or other merchant, cashiers will no longer see
your name, credit card number or security code, helping to reduce the
potential for fraud,” said Eddy Cue, Appleʼs senior vice president of
Internet Software and Services. “Apple doesnʼt collect your purchase
history, so we donʼt know what you bought, where you bought it or how
much you paid for it. And if your iPhone is lost or stolen, you can use Find
My iPhone to quickly suspend payments from that device.”
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