Apple to Integrate Pay Services Through MasterCard

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?MCUS_MP_Twitter_1008x504-218x118Paying with mobile devices is about to become even?more Priceless?. Today, Apple?(NASDAQ:AAPL) unveiled Apple Pay that?will enable MasterCard cardholders to use their iPhone 6, iPhone 6 Plus and Apple Watch for everyday purchases.?MasterCard?built the foundation for secure mobile transactions, so consumers can use their cards when, where and how they want.

MasterCard worked with Apple to?deliver a seamless and secure payment?experience. For consumers and merchants?alike, that means that every purchase made with a?MasterCard using iPhone 6, iPhone 6 Plus and Apple Watch will offer the security, benefits and guarantees of any MasterCard?transaction.

Apple Pay transforms mobile payments with an easy, secure, and?private way to make purchases. By?integrating Apple hardware, software?and services, Apple Pay creates a unique and incredibly?intuitive experience for iPhone 6, iPhone 6 Plus and Apple Watch users.

Owners of the new?iPhone 6, iPhone 6 Plus and Apple Watch will be able to use their MasterCard?credit or debit cards?from participating banks?directly through?Apple Pay. At a store,?consumers can simply pay by just holding their iPhone near a contactless reader with their finger on Touch ID and?their transaction will be authenticated. For purchases within an app, consumers?will simply?touch to pay?and authenticate with their fingerprint or passcode for a seamless experience?without?having to enter their card number or leave the app.

?Apple has a long tradition of introducing breakthrough products with features that really matter to people.?Apple Pay, combined with MasterCard?s payments technology, gives consumers an easy, secure and?private way to shop,? said Ed McLaughlin, chief emerging payments officer, MasterCard. ?We have been a?pioneer of mobile commerce innovation for years ? including the world?s first contactless and mobile?payment solutions. We’re thrilled that MasterCard cardholders will soon be able to make payments from?their?iPhone 6, iPhone 6 Plus and Apple Watch, knowing that every purchase is secure and offers all the same?guarantees and benefits they’ve come to expect from using their MasterCard.?

Apple Pay will be made available for?U.S. consumers via a free update to iOS 8?this October.?MasterCard?cardholders will be able to make simple and secure payments in the apps of?top?merchants, as well as contactless payments at some of the most frequented U.S.?locations including major stores,?restaurants, transit providers, fuel and convenience stores, and all Apple?Store locations. One of?the first to accept Apple Pay via?iPhone 6, iPhone 6 Plus and Apple Watch will be MasterCard?s long-time partner?Major League Baseball.

To find a?listing of contactless-enabled merchant locations, download the?MasterCard?Nearby app?or?go to?www.mastercard.com/contactless.

Helping Consumers to?Use Their Cards When, How and Where They Want

Payments via Apple Pay integrate?with the MasterCard Digital Enablement Service (MDES).?Announced last year, this service, provided?by MasterCard to banks,?allows a?connected device?to be used for everyday shopping and?payments. In addition to the banks announced today by Apple, MasterCard is working with its partners to bring additional banks on board quickly through the MasterCard Digital Enablement Service.

About MasterCard?MasterCard (NYSE:MA),?www.mastercard.com, is a technology company in the global payments industry. We operate the world?s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard?s products and solutions make everyday commerce activities ? such as shopping, traveling, running a business and managing finances ? easier, more secure and more efficient for everyone. Follow us on Twitter@MasterCardNews, join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the Engagement Bureau.

(BUSINESS WIRE)

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