Powered by MOMENTUM MEDIA
subscribe to our newsletter

Non-major banks launch Apple Pay

Two non-major banks have introduced Apple Pay for cardholders as contactless payments continue to soar in the wake of COVID-19.

ME Bank and Heritage Bank have both announced that they have introduced Apple Pay so customers can avoid handing their payment card to someone else, touching physical buttons, or exchanging cash.

As part of ME Bank’s launch of Apple Pay, debit card holders have the option to select the card network they pay with when using Apple Pay by choosing Mastercard or eftpos SAV, enabling customers to make purchases and withdraw cash at participating merchants.

ME Group executive customer banking Craig Ralston said: “We’re pleased to announce that all new and existing ME cardholders can now use Apple Pay.

“Customers have been asking for it, and we’re happy to be introducing it during a time when people are looking for an alternative to cash.”

Advertisement
Advertisement

Heritage Bank said the arrival of Apple Pay is timely as it has seen an uplift in the use of contactless and digital payment solutions since the coronavirus pandemic.

Heritage Bank CEO Peter Lock said: “We are thrilled to announce that Heritage customers can now use Apple Pay to make fast and secure payments.

“With impacts of COVID-19 changing everyday life, it’s more important than ever we support our customers to make contactless digital payments simply and safely.

Customers can use Apple Pay on iPhone, Apple Watch, iPad, and Mac to make the purchases in apps or online in Safari without having to create accounts or repeatedly type in shipping and billing information.

A unique device account number is assigned, encrypted, and securely stored in the secure element, which is an industry-standard, certified chip designed to store the payment information safely on the device.

PROMOTED CONTENT


[Related: Digital wallet use soars amid COVID-19 restrictions]

Non-major banks launch Apple Pay
mortgagebusiness

Grow your business exponentially in 2022!

Discover the right strategies to build a more structured, efficient and profitable businesses at The Adviser’s 2022 Business Accelerator Program.

Visit the website here to secure your ticket.

Malavika Santhebennur

Malavika Santhebennur is the features editor on the mortgages titles at Momentum Media.

Before joining the team in 2019, Malavika held roles with Money Management and Benchmark Media. She has been writing about financial services for the past six years.

Latest News

Sales of new detached homes continued to increase for five consecutive months, despite the end of HomeBuilder grants, confirming a strong d...

An economist with Bluestone has responded to predictions that the cash rate will increase in August, calling the notion “nonsensical”. ...

The Real Estate Institute of Australia (REIA) said it’s expecting demand for sustainable homes and living to increase over 2022. ...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

When do you expect the cash rate to start increasing?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.