American Express and Apple Pay
Apple Pay app is designed to simplify the process of buying or selling. Instead of using a credit card or cash, you can make any purchase using Apple gadget. Payment occurs when the user brings his iPhone or Apple Watch to a contactless terminal. After a few seconds, a message appears on the screen about the possibility of making a payment and proposing to confirm the transaction through a fingerprint scanner or password. Apple Pay has been around for more than a year and a half. At the end of 2016, it works in 9 countries: England, Australia, Hong Kong, Canada, China, Singapore, USA, Switzerland and France, Russia.
Apple Pay service is compatible with many existing contactless readers, including American Express.
In addition, that this service is supported by many apple pay participating banks, it is possible to pay off using a smartphone on any terminals that support contactless payment methods. A new addition will allow users of American Express to simplify and secure the process of trade operations as much as possible. At the same time, representatives of American Express note the significant optimization of the entire system of payments and simplification of processes.
Security and confidentiality of users of American Express cards is provided by a multi-level security system. Unique device identifier, dynamically generated security codes for each payment transaction, biometric information – fingerprint; all this together provides more reliable security than the magnetic strip and even the chip in the American banks card.