Last year when Apple unveiled the iPhone 6 and iPhone 6 plus, they also introduced a new system of mobile payment called Apple Pay. This payment system uses the built-in NFC chip to pay at retailers, restaurants and even at a gas station.
Payment through NFC enabled mobile phones has been around for quite a while. Even Google took a swing at it with their service “Google Wallet”. However these never caught on with the consumers. Apple Pay however is shaping up to be a behemoth and it will succeed where others failed. Apple CEO Tim Cook recently disclosed that within the first 3 days of its launch more than 70,000 credit cards we linked to the service which is an astonishing feat all by itself.
Setting up apple pay
First make sure your iPhone is running the latest iOS 8.1. If you don’t have the latest iOS version follow the steps below
- Go to General tab on your iPhone Settings menu and select Software Update. This will download the latest update OTA.
- Other way to download is connect your device with a PC, open iTunes and then update it.
- Setup fingerprint scanner if you haven’t already by going to Settings > Touch ID & Passcode.
- In the same area see that Touch ID is turned on for Apple pay.
- To add a credit card to Apple Pay, open Passbook and hit the “+” button.
- If you already have a credit card that you use to purchase apps with, then just select it and enter your 3 digit pin. Your credit card will then be linked with Apple Pay.
Adding a new Credit Card
- If you need to add a new credit card then first add your basic info like billing address and phone number as per instructions.
- Next write down your 16 digit credit card number
- Enter your credit card’s 3 digit security pin.
How to use Apple Pay
- If you find yourself at a shop with Apple Pay support, just take out your iPhone and bring it next to the PayPass receiver.
- The Passbook app will open up automatically and will ask for finger print verification to complete the transaction.
- You may also need to enter your security pin if you have enabled it on your card.
- Your transaction is automatically logged in the Passbook app just like a receipt but in virtual form.
Why use Apple Pay
Since the transaction happen through NFC, your name and your credit card while the other details remain private, Apple Pay is one of the safest ways to make credit card transactions. Even people at Apple cannot take a peek at what you’ve been spending your money on lately, making Apple Pay a heaven for those who take privacy seriously.
Compared with other NFC payment systems like Google Wallet, your credit cards are also least likely to be compromised when using Apple service thanks to the iPhone’s brilliant Touch ID sensor which only works with your unique finger print.
Credit Cards and Banks supported by Apple Pay
Most of the major credit card companies support Apple Pay but the banks that issue them also have to support the service for it to work. The service already supported most of the major banks and since its launch Apple has added support for another 500 banks. So if your card is not supported at the moment, you need not worry because it’s only a matter of time before your bank opens its door to Apple pay.