Newspaper article The Canadian Press

Key Things You Need to Know about Apple Pay's Partnerships with Canadian Banks

Newspaper article The Canadian Press

Key Things You Need to Know about Apple Pay's Partnerships with Canadian Banks

Article excerpt

Things you need to know about Apple Pay

--

TORONTO - Canada's five biggest banks all announced Tuesday that they are partnering with Apple Pay to bring the mobile payment system to their customers. Here is what you need to know:

When will the service be available?

That depends on who you bank with. Royal Bank and CIBC customers can start using Apple Pay with their credit and debit cards immediately, while TD Bank, Bank of Montreal and Scotiabank clients will have to wait several weeks or months. Those who have MasterCards from Canadian Tire Bank and ATB Financial can also now use Apple Pay.

How does it work?

Customers load eligible credit or debit cards into a smartphone. At checkout, the customer holds the device close to the merchant's contactless reader while putting his or her finger on the touch ID fingerprint scanner to authenticate the transaction. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.