NatWest has announced that it is adding Apple Pay for its business banking customers. With Apple Pay on iPhone, Apple Watch, iPad and Mac, customers can make fast purchases in stores, in apps and on websites.
NatWest has launched the feature across its full range of Visa debit cards, to its 1 million Business Banking customers, complementing the existing range of payment options.
The bank says that security and privacy are at the core of Apple Pay. When you use a debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on the device. Each transaction is authorised with a one-time unique dynamic security code.
“NatWest is committed to providing simplicity and flexibility when it comes to how our customers bank with us, and Apple Pay will allow SMEs to make safe, fast business payments with minimal effort, leaving them with more time to get on with doing what they do best - running their business," said James Holian, chief operating officer, Commercial and Private Banking at NatWest.
Apple Pay is easy to set up and users will continue to receive the beneﬁts offered by NatWest’s business banking debit cards, including its online and mobile banking services, and free access to accountancy software FreeAgent.
With iPhone and Apple Watch, customers can pay with Apple Pay in stores, restaurants, taxis, vending machines and many more places. When shopping in apps or on the web in the Safari browser with Apple Pay, there is no need to manually fill out account forms or repeatedly type in shipping and billing information. Every Apple Pay purchase is authenticated with a glance or a touch with Face ID or Touch ID, or a device's passcode.
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