Fidor Bank among first of German banks to roll-out Apple Pay support
Munich 11 December, 2018 — Fidor Bank, the leading German challenger bank for open and innovative digital banking, has become one of Germany's first banks to integrate with Apple Pay - the service that is transforming mobile payments with an easy, secure and private way to pay that’s fast and convenient.
The service is now available to all retail and business customers of Fidor Bank with a Mastercard debit or credit card. Customers can now pay, effortlessly, on-the-go with their iPhone or Apple Watch. The new integration will be welcomed following strong demand from customers, and with a number of retail and supermarket chains now accepting contactless payments and Apple Pay in Germany - including Aldi, Lidl, Kaufland, Edeka, DM, Aral and Shell.
Security and privacy is at the core of Apple Pay. When using a credit or debit card with Apple Pay, the actual card numbers are not stored on a device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorized with a one-time unique dynamic security code.
"The launch of Apple Pay will support Fidor’s leading position in online and mobile banking", says Matthias Kröner, CEO of Fidor Bank AG. "For ongoing European growth, Fidor is focusing on mobile processes and products and on digital and innovative procedures to improve the customer experience and quality of service even further."
Apple Pay is easy to set up and users will continue to receive all of the rewards and benefits offered by credit and debit cards. In stores, Apple Pay works with iPhone SE, iPhone 6 and later, and Apple Watch. Online shopping in apps and on websites accepting Apple Pay is simple with Touch ID, or by double-clicking the side button and authenticating with a glance using Face ID. There’s no need to manually fill out lengthy account forms or repeatedly type in shipping and billing information with Apple Pay.
When paying for goods and services in apps or Safari, Apple Pay works with iPhone 6 and later, iPhone SE, iPad Pro, iPad (5th Generation and later), iPad Air 2, and iPad mini 3 and later. You can also use Apple Pay in Safari on any Mac introduced in or after 2012 running macOS Sierra and confirm the payment with iPhone 6 or later or Apple Watch, or with Touch ID on the new MacBook Pro and MacBook Air.
For more information on Apple Pay, visit: https://www.apple.com/de/apple-pay/
Fidor Bank is powered by Fidor Solutions, for more information on the technology please visit https://www.fidor.com/platform