Visa has announced that cardholders in Greece will now be able to use it Apple Pay as the availability of the service extends to 13 European countries.
The Apple Pay transforms consumer payment experience into an easy, secure and private payment way. Starting first with Revolut, Apple Pay for iPhoneThe Apple WatchThe iPad and Poppy, allows customers to make quick and easy purchases in stores, apps, and websites,using intact payment technology and Visa tokenization.
Apple Pay operates on the same non-tradable terminals, which consumers already use for their transactions with their coloring or credit cards. It is noted that over 90% of terminals (POS) in Greece receive intact transactions and until 2020 all POS terminals will receive intact transactions.
Η safety and privacy are the core of Apple Pay. When using a credit or debit card with Apple Pay, your real card numbers are not stored on your device or servers Apple. Instead, the Visa Token Service assigns a unique device account number and each transaction is authorized with a unique dynamic security code with a specific duration.
Visa's tokenisation technology makes payments electronically mobile devices trade safe and simple, replacing consumer accounts with a unique digital identifier or "token" used specifically for each device. As a result, account and card data are never shared, which brings an additional level of security to digital payments.
If it is iPhone lost or stolen, the digital account number (token) that is stored can be immediately deactivated by the financial institution. The registered Visa card does not need to be removed and replaced. Consumers using Visa cards at Apple Pay will enjoy the same benefits as when using debit and credit cards, including fraud protection for unauthorized purchases and widespread international acceptance.
Apple Pay is easy to set up and users will continue to receive all the rewards and benefits of credit and debit cards.
With iPhone and Apple Watch, customers can pay with Apple Pay in stores, restaurants, taxis and many more. When you make purchases on apps or on the internet through it Safari, with Apple Pay, you do not have to manually fill up time-consuming forms or re-type shipping and billing information. Every purchase of Apple Pay is validated with Face IDThe touch ID or the device password.