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What are the benefits of Apple Pay?

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What are the benefits of Apple Pay?

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14 July 2022 • Zug, Switzerland

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Key Takeaways:

  • Apple Pay ensures secure transactions, using tokenization and device-based protection to keep card data safe.

  • It protects user privacy, with no tracking or storage of personal payment details.

  • Apple Pay offers seamless convenience, enabling fast, contactless payments and simple setup across Apple devices.

Seamless Payments with Apple Pay Integration

Bivial’s virtual business debit cards are supported by Apple Pay, allowing Bivial clients to benefit from a faster, easier and more secure way to conduct their daily purchases in a contactless manner using their iPhone or Apple Watch devices.

With Apple Pay, Bivial clients can simply hold their iPhone or Apple Watch near a payment terminal and process a contactless transaction at the point of sale. Apart from offering an easy way to transact, Apple Pay provides users numerous other benefits including:

Security
Apple Pay uses security features built into the hardware and software of a user’s device to help protect their transactions. Utilizing a security method called tokenization, Apple Pay avoids the need to share the user’s card number ensuring that their card details remain safe and secure.

Privacy
Apple does not monitor or store information on Apple Pay transactions, which affords users even more privacy. The use of device account numbers against the credit card often makes the purchase with the stores much more confidential as they do not see the customer's identity and other information.

Seamless Online Experience
When it comes to online transactions with Apple Pay, clients do not have to insert 16-digit credit or debit card numbers, expiry dates, or security codes. After completing a simple one-time setup of their credit or debit card, users are able to make purchases in a physical store or online by accessing their Apple Pay and verifying their transactions using Face ID.

Easy Set-Up
Apple Pay is easy to set up. On the iPhone, users must simply open the Wallet app, tap +, and follow the steps to add their card/s details to their Apple device, which it will then use for all their ongoing transactions.

The Bottom Line
Apple Pay has become one of the most popular ways to transact thanks to its ease of use and high levels of security and privacy. According to Statista, over half of the world’s iPhone users had enabled Apple Pay by 2021, and the adoption rate is only expected to intensify. Apple Pay has become nothing short of a necessity for the majority of iOS users, and at Bivial we could not ignore the need to extend this service to our clients.

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