Wednesday, November 05, 2014PITTSBURGH -- PNC Bank now offers its customers access to Apple Pay, a new service for mobile payments, the bank announced Tuesday. Apple Pay works with iPhone 6 and iPhone 6 Plus and is compatible with iPad Air2 and iPad mini 3.
When a customer adds his credit or debit card to Apple Pay, the card numbers are not stored on the device or Apple servers, officials said.
Instead, a unique account number is assigned, encrypted and stored on the customer's device, said Henry Fulton, retail assets executive at PNC. Each transaction is authorized with a one-time dynamic security code instead of the security code from the back of the card.
For more information and FAQs on Apple Pay, visit PNC's website.
Published by The Business Journal, Youngstown, Ohio.
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