Australia and New Zealand Banking Group (ANZ) has added Apple Pay support for its Visa debit and credit cardholders in New Zealand to help them complete hassle-free shopping.
In order to provide better protection to cardholders, Apple Pay does not store actual card numbers on the device or on Apple servers when the users add their credit card details to Apple Pay.
Instead, a unique device account number is allocated, encrypted and safely stored in the Secure Element on the device.
A one-time unique dynamic security code is used to authorise each transaction, according to Apple Pay.
In stores, Apple Pay is compatible with all of Apple's latest iPhones including iPhone SE, iPhone 6 and later, iPad Pro, iPad Air 2, and iPad mini 3 and later, and Apple Watch.
Customers will be able to use Apple Pay anywhere in New Zealand where contactless payments are accepted, such as BP, The Warehouse, Warehouse Stationery, Noel Leeming, Torpedo 7, McDonalds, Domino’s Pizza and Burger King. Additionally, they can use Apple Pay to purchases online through apps and web portals.
ANZ New Zealand CEO David Hisco said: “More than 50% of ANZ Visa transactions are contactless and this number is steadily increasing as more retailers adopt contactless technology.
“Adding Apple Pay to our mobile payment offering will make it fast and convenient for more customers to securely make every day purchases wherever there is a contactless terminal.
“Following on from our highly successful goMoney mobile banking app, ANZ is pleased to continue leading the industry with innovative solutions for customers.”