Apple Pay and Payline Data FAQs
What is Apple Pay?
Apple Pay is a mobile and in-app payment method offering an easy and secure way for consumers to pay for products and services.
How will Apple Pay work?
• In-App payments will be fully supported using Apple Pay, allowing consumers to make
payments with a single touch.
• Using NFC technology, Apple Pay can be used for contactless payments at retail POS locations equipped with NFC-enabled terminals.
• Apple Pay works like a digital wallet housing credit and debit cards from a wide range of
banks.
• Users can load their Visa, MasterCard or Amex credit or debit cards into Apple Pay by
taking a picture of their card or they can also use the account they already have on file
with iTunes or the App Store.
• Users pay with Apple Pay by holding their finger on the iPhone 6’s Touch ID sensor to
authenticate the consumer to their wallet and authorize payment.
• Apple Pay compatible devices include the iPhone 6 and iPhone 6 Plus, as well as the Apple Watch (in early 2015) which will also work with older iPhones compatible with wearable devices.
How will Apple Pay handle security?
• No credit card information is actually transmitted to the merchant in the transaction
• Apple Pay uses tokenization technology to provide a one-time payment number and dynamic code that changes with each purchase.
When will Apple Pay be available to consumers?
• Starting in October, with iPhone 6 and iPhone 6 Plus, Apple Pay will be available in the US
as a free update to iOS 8.
How much will Apple Pay cost?
• There is no additional cost for Apple Pay.
• Apple Pay fees will not be charged to users, merchants or developers.
• While not yet confirmed, it appears that Apple will collect a fee for each transaction
through Apple Pay from card issuing banks.
What is the process for implementing Apple Pay into mobile applications
and websites?
• Over the next 30-60 days app developers will be able to integrate support for Apple Pay
into their apps.
• App developers will need to integrate directly to Apple Pay’s SDK as well as a payment
gateway that supports Apple Pay like Payline Gateway.
Will this accelerate adoption of EMV?
• The October 2015 EMV compliance deadline, may hasten the upgrade and adoption of
NFC/EMV enabled terminals, which may help accelerate the ramp of Apple Pay in the retail environment.
What happens if I am not ready to accept Apple Pay?
• Over the next 6-12 months, the industry will start to see all of these pieces come together which will help increase the adoption, support and use of Apple Pay.
• Partners and Merchants who are not able to accept Apple Pay initially are not “missing
the boat” as it will take some time for all these components to fall in place.
• Partners can be comforted knowing that Payline Data will have support for Apple Pay
allowing their merchants to take advantage of this payment method as it starts gaining
traction in the market.