NEW PHILADELPHIA, OH [Oct., 2, 2014] — Apple™ introduced their new payment method called Apple Pay™, anticipated to be released this October. EDPS is happy to announce that our Internet payment gateway, Swoosh ePay™, will support this payment method. The implementation date will align closely with the release of Apple Pay as part of the iOS 8.1 update.
Apple Pay is a mobile and in-app payment method often referred to as a “mobile wallet”. It allows consumers to securely store their Visa, MasterCard and AmEx credit or debit cards on their phone.
No card information is transmitted to the merchant during a transaction. Instead, Apple technology uses a one-time payment number and dynamic code that changes with every purchase.
Users pay by holding their finger on the TouchID sensor to authenticate the consumer to the “wallet”, which then authorizes payment. Only terminals equipped with NFC technology will recognize this form of payment.
Apple devices compatible with Apple Pay are the iPhone™ 6, iPhone 6 Plus and the Apple Watch.
There will be no additional costs for using Apple Pay and fees will not be charged to users or merchants.
EDPS is an industry-leading payment processing provider that offers comprehensive solutions for credit/debit card transactions, gift/loyalty card transactions, ACH Check acceptance, and mobile & internet payment gateway solutions. EDPS’ mantra is to be Intentionally Different—which, in our minds, means many things. But above all, we don’t just connect your terminal, we connect with you. EDPS is located at 315 E. Broadway St in Dover, Ohio. For more information visit www.goEDPS.com or call 866.578.9740.