I'm not really sure i got it right, because i thought that Apple Pay is like PayPal and all i have to do is to connect my credit card ( visa / mastercard ) but I try to do it iPhone says that my bank is not supported
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apple pay needs to be compatible with my bank?
- Thread starter al404
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You live in Italy?
Here's the list of banks that supports Apple Pay
Italy*
- American Express
- Banco Mediolanum
- boon. by Wirecard
- Carrefour Banca
- UniCredit
* San Marino and Vatican City also support Apple Pay.
ok thank, in italy there are only 5 but banks in that list are actually 2 and none of them is mine
it seems a pretty complicated process is not really in apple style, PayPal is way easier but as far as I know it will be connected to Samsung pay
it seems a pretty complicated process is not really in apple style, PayPal is way easier but as far as I know it will be connected to Samsung pay
Not like PayPal at all - let me try to explain it in a sort of overview form. Basically what happens when you add a card is that Apple puts your device in contact with your bank and your bank generates a token (essentially a throwaway card number that is unique to your device). So, if your card was 1234 5678 9012 3456, your Apple Pay number on your phone may be 9876 5432 1012 3456 and on your watch may be 4321 0987 6556 0123 even though they all point to the same account. When you pay in person, in an app, or on the web with that device, the tokenized number is passed through the merchant and when it hits your bank, points back to your account.
In the case of a data breach or other fraud, the merchant only has the token number from your device, so your bank can issue a new one and the number on your physical card is not seen.
If you delete your card from your device, the token is destroyed, and if you re-add it, you'll get a different token number.
Android Pay uses tokenization, and I think Samsung Pay should, too, but I think those allow you to add unsupported cards as a copy. I think for this, Apple saw it as a better solution to work with banks to come on board, rather than allowing people to add cards without tokenization and the extra security benefits.
In the U.S., there's a lot of smaller banks and credit unions that have been late to the Apple Pay party, but are getting added. I suspect Apple will be working with more as time goes on (at launch, only the largest banks were part of Apple Pay and only 3 of the 4 major credit card types were supported).
In the case of a data breach or other fraud, the merchant only has the token number from your device, so your bank can issue a new one and the number on your physical card is not seen.
If you delete your card from your device, the token is destroyed, and if you re-add it, you'll get a different token number.
Android Pay uses tokenization, and I think Samsung Pay should, too, but I think those allow you to add unsupported cards as a copy. I think for this, Apple saw it as a better solution to work with banks to come on board, rather than allowing people to add cards without tokenization and the extra security benefits.
In the U.S., there's a lot of smaller banks and credit unions that have been late to the Apple Pay party, but are getting added. I suspect Apple will be working with more as time goes on (at launch, only the largest banks were part of Apple Pay and only 3 of the 4 major credit card types were supported).