“Apple fans” have always been in anticipation of the official launch of Apple Pay in China! On February 18, 12 banks including Industrial Bank (IB) launched this non-contact payment model based on mobile security chip. The "fast, secure and private” experience may ignite another vogue in the area of mobile payment.
Now, with a mobile phone above the model of iPhone 6 (included), Apple Watch and iPad loaded with IB wealth management card or credit card with the symbol of UnionPay, one can easily experience consumption with Apple Pay offline merchants and online App.
For the “fast” operation experience of Apple Pay which attracts great attention, professionals indicates, compared with the method of code scanning payment generally installed in smart phones, it does not require scanning the QR code, click on the screen or open App when making offline payment with Apple Pay, and relying on the innovated design of near field communication (NFC) antenna, one can finish the payment by moving iPhone near the UnionPay “Cloud Quick Pass" POS terminal and verifying fingerprint on Touch ID at the same time. For online payment, it is even as simple as requiring fingerprint, without other redundant operation. If Apple Watch is used as the m edium, it is required to press the side button twice in succession and move the watch near the non-contact card reader, and then one can experience the miracle of ‘wrist purchase'.
The increasingly rich product families of Apple, the more and more fashionable wearable smart equipment with the payment function in particular, give more rooms for people to imagine on conventional payment experience.
“Security" and “privacy” are the key weapons of Apple Pay in the arena of mobile payment. According to the introduction of Apple, the invulnerable “fortress” built by Apple Pay for guaranteeing the security of users’ payment information is achieved with the technology of Token in combination with “Cloud Quick Pass". For the credit cards or wealth management cards added to Apple product terminals by users, the actual card numbers will not be saved in the equipment nor in the Apple server, let alone sent to merchants. The system will distribute an exclusive equipment number to each customer, and relevant card number will be saved in the security chip of the equipment after encryption. This reinforces the “fortress” together with the fingerprint based operation, so as to ensure that the payment process is private and secure.
As a payment and settlement institution, IB also spares no efforts in developing the application scenarios of mobile payment in an active manner. The improved payment environment in common merchants such as supermarket, boutique, restaurant, and coffee house will lead the common people into a brand-new mobile life space.
From “IB Dynamic” mobile payment hand ring, to “Cloud Quick Pass", and to launching Apple Pay as one of the first group of banks, IB has released new products in the area of mobile finance in succession and made frequent arrangement in O2O, showcasing its great ambition to speed up its march into the area of retail banking.
Relevant information:
Applicable equipment: including iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus, Apple Watch, iPad Pro, iPad Air 2, iPad mini 3, etc. The operating systems of iPhone and iPad support the version above iOS 9.2 (included), and Apple Watch supports OS2.1 and higher versions.
Setup of Apple Pay: Take iPhone 6 as an example. Any user only needs to open the self-contained Wallet of the phone and load the wealth management card or credit card of IB to the phone. Then, he or she can finish payment by moving the phone and pressing finger print when shopping in a store, and pressing finger print to make direct payment upon settlement with an online store (in App).