Visa, a global payments technology company, announced that Visa cardholders in the US using new iPhone will soon be able to use Apple Pay, Apple’s new payment service, to make mobile purchases.
Users of iPhone 6 or 6 Plus with Visa cards issued by Bank of America, Capital One, Citi Bank, Chase and Wells Fargo Bank can initiate mobile purchases with the new payment service in stores starting from 20 October. iPhone 6, iPhone 6 Plus, iPad Air 2 and iPad mini 3 users can purchase physical goods and services within apps.
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For cardholders with Visa cards issued by Barclaycard, First National Bank of Omaha, M&T Bank, PNC, Navy Federal Credit Union, Regions Bank, USAA, and U.S. Bank, the service is expected to unveil in the coming weeks.
In addition, Visa is working with more than 400 financial institutions to enable Apple Pay for Visa credit and debit cardholders.
Ryan McInerney, president of Visa, said: "Today marks a new era for Visa and the payments industry. Combining the power, reach and security of Visa’s network with a new payment experience from Apple will truly change the way people pay.
"And this is just the beginning. Visa has built new technology that Apple has integrated into Apple Pay to allow almost any merchant to offer great commerce experiences on any mobile device, while delivering the trust and benefits that consumers have come to expect from Visa."
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By GlobalDataWith Apple Pay, Visa cardholders can avail all the same benefits as shopping with traditional Visa credit and debit cards, including advanced security coverage with real-time fraud monitoring, zero liability protection for unauthorized purchases, rewards programs, and international acceptance where merchants have installed contactless terminals.
