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29.12.2014
PNC Bank launched its Apple Pay capability Monday, saying the service will change the face of mobile payments. CLEVELAND, Ohio -- PNC Bank launched its Apple Pay capability Monday, saying the service will change the face of mobile payments. The free service allows consumers to use a token on their phone to pay at the checkout register -- without giving any credit or debit card or account number to the store or restaurant or payment processor. In an era when credit and debit card fraud is rampant, this is key: Merchants don't have your account number.
Most big retailers are expected to accept Apple Pay, which uses technology similar to what's used with cards containing microprocessor (EMV) chips.


A consumer who wants to use Apple Pay can use the Passbook app to take a photo of a credit or debit card. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services.
Once the card is verified, a token, or device-only account number is created and that information is stored in Passbook. Paid users can see Opening Bid Data, Attorney Names, Active Dropped Status, Beds, Baths and more, starting at $1. After unlocking the phone with your fingerprint, you simply wave your phone within a few inches of the payment terminal, much like we use key cards to enter a building or hotel room.


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