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ASB introduces Apple Pay

ASB introduces Apple Pay

More than 500,000 customers will now have access to the innovative payments platform, says.Simon Tong, ASB executive general manager digital, data and brand

Apple Pay is the latest addition to ASB’s suite of virtual payment options

Simon Tong, ASB executive general manager digital, data and brand, says Apple Pay will give more than 500,000 ASB customers access to the innovative payments platform.

“We’re pleased to bring Apple Pay to ASB customers, offering them the ultimate in convenience and security," says Tong, in a statement.

 ASB says security and privacy is at the core of Apple Pay.

Simon Tong
Simon Tong

When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, or on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on the  device. Each transaction is authorised with a one-time unique dynamic security code.

ASB says Apple Pay is easy to set up and users will continue to receive all of the rewards and benefits offered by credit and debit cards. In stores, Apple Pay works with iPhone SE, iPhone 6 and later, and Apple Watch.

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Tags financebanksUIPaymentscontactless paymentASB Bankchief digital officerdigital disruptionSimon TongcxCIO and CMOApple PayfintechDXmobility

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