PNC Bank to support Apple Pay.
M2 EQUITYBITES-November 3, 2014--PNC Bank to support Apple Pay
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4 November 2014 -- Pittsburgh US-based PNC Bank (NYSE: PNC) said it has started offering its customers access to the Apple Pay (NASDAQ: AAPL) movile payments service.
By adding a credit or debit card to Apple Pay, the actual card numbers are not stored on the device or Apple servers.
Instead, a unique device account number is assigned, encrypted and stored on the customer's device.
Each transaction is authorised with a one-time unique dynamic security code, instead of using the security code from the back of the card.
Apple Pay works with iPhone 6 and iPhone 6 Plus. Paying for goods and services within apps with Apple Pay is compatible with iPhone 6, iPhone 6 Plus, iPad Air 2 and iPad mini 3.
PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc.
Find out more at www.pnc.com.
1 USD = .63 GBP
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