Apple Pay is essentially using your Apple mobile devices – currently iPhone SE, iPhone 6, and later Apple Watch – instead of your card to make in-store transactions.
The Apple Pay system stores what’s called a, “device account number” in the secure element on the device. The actual credit card numbers are not stored on the device or the Apple servers.
Apple Pay is only available to Visa debit or ANZ visa credit card customers.
“More than 50% of the ANZ Visa transactions are contactless and this number is steadily increasing as more retailers adopt contactless technology,” ANZ chief executive David Hisco says in a media release.
“Adding Apple Pay to our mobile payment offering will make it fast and convenient for more customers, to securely make every day purchases wherever there is a contactless terminal,” Mr Hisco says.
How does Apple Pay work?
Using Apple Pay is as simple as holding your iPhone near the contactless payment terminal and placing your finger on the ‘Touch ID’ fingerprint reader to authorise the transaction.
Apple Pay can also be activated by double-clicking the Home button, where it is easy to choose which card to use before making a purchase.
This is the first time Apple Pay has been available in New Zealand but the contactless payment system launched in Australia at the end of 2015.
How to set up Apple Pay?
The settings for Apple Pay on the iPhone reside within the “Wallet” app, which you may already use to store boarding passes, gift cards, or tickets. The Wallet app was renamed from “Passbook” after the initial release of Apple Pay, so if you haven’t updated the software on your iPhone in a while, look for the Passbook app instead. To load your card into Apple Pay:
- Open the Wallet app.
- Tap on the + in the top right corner of the screen.
- Add your card by using your phone’s camera to read the details, or by manually entering them.
You will then be asked to read and accept ANZ’s Apple Pay terms and conditions. ANZ also says that you may be asked to call them, or receive a verification SMS as the final step to load your card.
Shoppers can use Apple Pay in any businesses using tap and go technology – such as BP, the Warehouse, Domino’s Pizza and Burger King.
Apple Pay can also be used for online shopping by using touch ID, saving time on manually filling out account forms or repeatedly typing in shipping and billing information. However, using Apple Pay for online shopping will only work with selected apps and using the Safari browser.
Any merchants already accepting credit and debit cards can contact their payment provider to start accepting Apple Pay.