UNITED STATES | Adyen and Braintree have both announced the support of Apple Pay for its merchants. Apple Pay, the new payment service by Apple, was announced last week when the new iPhone 6 and iWatch were announced to the world. Adyen, one of world's leading Payment Service Providers, adds Apple Pay to its payment offering of over 250 local payment methods.
Apple Pay, the long expected mobile payment service powered by Apple, allows its iPhone users to pay contactless in store, and pay as frictionless as possible for online and 'in-app' purchases. Apple Pay combines all the latest payment and security technology guaranteeing a pain-free payment experiences and providing maximum security at the same time. Apple Pay users can securely store their MasterCard, Visa and American Express credit card information in the so-called 'secure element' in their iPhone by simply scanning their card(s). The iPhone recognises the payment information and creates a 'digital version' of the card which is made available in Apple Passbook.
Users are also able to enrich the card information with shipping and billing address for swift checkouts for goods and services bought online and in-app. Every Apple Pay payment needs to be confirmed by using the fingerprint of the Apple Pay user. View the Apple Pay demonstration for all types of payment by Techcrunch by clicking the image below.
Apple Pay Demonstration
Adyen ready to process Apple Pay transactions
Adyen, servicing merchants like Groupon, Airbnb, Yelp and Indiegogo, sees Apple Pay as yet another step in the march toward a modern payments ecosystem, one that benefits both merchants and their customers. "We’re excited to see the industry moving toward more secure, more mobile-friendly standards. Whether your customers are paying online, in a mobile app, at the cash register, or all of the above, we are ready to process all of your Apple Pay transactions. We are already working with key merchants to launch this service, and we are collaborating with Apple, the card schemes, and major merchants to ensure that our support for Apple Pay is best-in-class both in the US and internationally". For more information click here.
Braintree also to support Apple Pay
Last week, Braintree (a PayPal company) already announced the launch of its new One Touch Payment Service with PayPal and Venmo, and pre-announced the support of Bitcoin payments through a partnership with Coinbase. Braintree’s v.zero SDK (Braintree's 'payment integration kit') already supports merchants to accept credit card payments and PayPal. Merchants who currently use Braintree for their payment processing are assured that Apple Pay will work with Braintree (click here for more information).