Apple Pay: Six Things You Need to Know

For those who are eagerly waiting for the release of iPhone 6 and iPhone 6 Plus, Apple Pay is going to be a true reward for them. Digital technology has revolutionized the whole commercial world. The latest is the digital payment that has made payment easier and safe. The moment your finger contacts the Touch ID button, the payee’s account is credited. You have the advantage of one-touch checkout, no entry of card number, and no sharing of information with merchants.


Apple Pay: Six Things You Need to Know


For the best use of this latest payment device, you need to know the following six things about this instant payment system- the ‘Apple Pay’.


1: Use of Near Field Communication (NFC)


Apple Pay entails the verification method which includes fingerprint verification and NFC Technology. This technology ensures adequate security for the iForm. NFC allows two devices distanced by few centimeters for which both the basic devices must be equipped with an NFC chip. In the two-way communication, you can touch two Android devices for transferring data such as contacts, links or photos. In the one-way communication, an iPhone, credit card-reader or commuter card terminal reads and writes to an NFC chip.


2: Secure Element


Apple Pay does not store the card number on the device or on the servers of Apple. Rather, you get from Apple, a Device Account Number that gets encrypted and securely stored in a device that is called Secure Element in your iPhone or Apple Watch. A secure element is a device to provide secured storage and execution environment for sensitive data and processing. It arrests hacking and ensures integrity and confidentiality of its content.


The Secure Element could be accessed if the application has a valid key, granted by the manufacturer of the chipset. For preventing brute force attack, access to Secure Element gets disabled permanently after the attempts to access it exceed a pre-determined number.


3: e-Wallet: A Password for Passwords


e-wallet is an application of the Ilium Software. It ensures secured and safe storage of confidential information such as website passwords, e-mail passwords and credit card numbers. You need to create and remember only an e-Wallet password. An e wallet is synonymous with online banking. You can deposit, send, receive and withdraw money by bank transfer, credit card or cheque.


4: Ease of Online Shopping


Instead of filling out any form while shopping, you just have to select Buy With Apple pay and hold down the Touch ID button. You can have a buying spree as long as you are App Pay enabled.


5: Partners


Apple has partnered with American Express, Bank of America, Capital One Bank, Citi and Wellsa Fargo and will soon be partnering with Barclaycard, Navy Federal Credit Union, PNC bank, USAA and U.S. Bank, Staples, Disney, McDonald’s, Walgreens and Subway. Deals are in process with Barclaycard, Navy Federal Credit Union and PNC.


6: Only for iPhone 6 and iPhone 6 Plus


Presently, Apple Pay is limited to iPhone 6 and iPhone 6 Plus that contain NFC chips which have not been incorporated into previous generation iPhones. Apply Pay will work with Apple Watch from early 2015.


In view of the recent data breaches of Debit and Credit Cards, merchants pledge full support to the e-wallet so that our wallets are shielded from theft and fraud.

Ready to Take the Next Step?


Promatics India

Content Writer

Promatics since its inception has been committed to deliver services that surpass excellence and tailored to cater the needs of an ever-evolving digital landscape. Promatics designs, develops and delivers web and mobile applications that drive today’s businesses, ameliorate and enhance business capability, reduce customer acquisition lead times, accelerate top line growth, create better brand and ultimately beat competition. Supported by excogitative research and development, Promatics uses its strengths in technology, software, mobile as well as customer service to create new revenue-generating opportunities for its customers and at the same time reducing the overheads, while enabling them to quickly deploy and better manage and direct their businesses.

Still have your concerns?

Your concerns are legit, and we know how to deal with them. Hook us up for a discussion, no strings attached, and we will show how we can add value to your operations!

+91-95010-82999 or