This allows iPhone owners to be able to make contactless payments at shops that have NFC equipped payment terminals and accept American Express payments. Those are two countries where “tap” payments – tapping a phone or chip-embedded card to the store’s payment machine – are already more common than in the U.S. In those countries, however, Apple Pay is limited initially to American Express cards.
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TSB customers that use either TSB MasterCard and TSB Amex credit cards on Apple Pay will get the bonus on the first £100 they spend on the service, until 31st December 2016. The agreement is exclusively with American Express, and even then, only Amex cards issued directly by American Express will support Apple Pay.
Graham said it is inevitable that Apple and the big banks will come to a few sort of a agreement, because both sides are interested in growing the mobile payments market in Canada.
Apple expects a gradual expansion in locations able to process Apple Pay payments in the next year, with small to medium-sized merchants.
Apple Pay, a digital wallet that lets users pay at checkout with a tap of their iPhone on a reader used by participating merchants, launched previous year in the U.S.
About Moneris As one of North America’s largest providers of payment processing solutions, Moneris Solutions Corporation (“Moneris”) offers credit, debit, wireless and online payment services for merchants in virtually every industry segment and processes more than three billion transactions, annually. Now that it has launched in Canada, Apple Pay could be available in Australia at any time. The restaurant chain Chili’s will support Apple Pay in the spring with table tablets for easy mobile payments. Will you use Apple Pay? To set up Apple Pay, go to Apple Wallet and hit on the plus symbol. That’s expected to surpass 1.5 million this year.
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On its website, Apple said that it is “working with more banks and stores to support Apple Pay”. When paying for goods and services within apps, Apple Pay is compatible with the iPhone 6 series, iPad Air 2, iPad mini 3, iPad mini 4 and iPad Pro.
