The FINANCIAL -- NatWest and RBS will offer customers access to Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay, when it launches in the UK.
The introduction of Apple Pay is another way NatWest and RBS are making it easier and more secure for customers to do their banking on the move, and just one of the banks’ recent digital innovations to make banking more convenient for customers. Others include the integration of Touch ID, where customers can open the NatWest and RBS mobile iOS apps just using a fingerprint, and Get Cash, where customers can withdraw money from an ATM without a bank card by using a text code generated by their mobile banking app.
Security and privacy is at the core of Apple Pay. When you add a credit or debit card to Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorised with a one-time unique dynamic security code, instead of using the security code from the back of your card, according to RBS.
Simon McNamara, RBS Chief Administrative Officer said; “We want to be the best bank in the UK for customer service and we know that our customers value simple ways to pay that use the most relevant, secure and private technology. The introduction of Apple Pay allows us to do this. We are delighted to offer Apple Pay and are really excited to be among the first UK banks to offer it to our customers.”
In stores, Apple Pay works with iPhone 6, iPhone 6 Plus and Apple Watch. When paying for goods and services within apps, Apple Pay is compatible with iPhone 6, iPhone 6 Plus, iPad Air 2 and iPad mini 3.