Frankenmuth Credit Union Go to main content
FacebookInstagramTwitterYouTube
  • 1
  • 2
  • 3
  • 4
Apple Pay Blog on 2/24/2015

5 Interesting Facts You Might Not Know about Apple Pay

Earlier this winter, Apple announced their new and revolutionary Apple Pay, to be used with their new iPhone 6.  The concept is that iPhone 6 carriers will love the added convenience of not having to carry their wallet anymore, but will instead load their Apple approved financial institutions credit and debit cards in to their iPhone instead. When it comes time to paying in stores, the Apple Pay user can do it with a "motion" of their phone at the merchants device.

Fact 1: The iPhone 6 is the first Apple iPhone able to do a transactions like this because it is the first iPhone to have the innovative Near Field Communication antenna in it.

Fact 2: To pay at a merchant the customer just holds their iPhone by the merchants contactless reader and has their finger on "Touch ID". 

Fact 3: You know your purchase was successful by a slight vibration and beep to let the iPhone owner know.

Fact 4: All merchants do not currently have the ability to take contactless credit and debit card transactions, so while this technology will work at some merchants at this time, it will not work at all.

Fact 5: Frankenmuth Credit Union does have our debit cards set up on Apple Pay. We are working diligently to also have our credit cards set up so they are available for Apple Pay.

How big will this mobile wallet revolution, and specifically Apple Pay, get? We would love to hear from you and your thoughts on Apple Pay or any other preferred mobile wallet solutions you would like to see.

 

Share: Share on Facebook Share on Twitter Share on Google+


« Return to "Home Page"
Comments
Sort Order:
No comments have been posted yet.
Post Comment
First Name:
Last Name:
(Only last initial will display on comment)
Check this box if you do not want your name and location to be displayed
E-mail Address:
(Not displayed on Comment)
City:
State:
Title:
Comment:

Notify me by email if this comment receives a response
Security Code:
What's this?
captcha

Dollars and Sense

Hey FCU Members: Read our Winter Dollars and Sense Newsletter. Find your account number hidden within the newsletter and win $10.00.

Business Sense

Hey FCU Members: Read our Winter Business Sense Newsletter. Find your account number hidden within the newsletter and win $10.00.