Discover Financial Services to provide Apple Pay for cardholders in US
Discover Financial Services has signed an agreement with Apple to provide its cardholders in the US access to Apple Pay from this fall.
The deal will allow Discover cardholders in the US to make contactless payments in participating stores via Apple Pay using iPhone 6, iPhone 6 Plus and Apple Watch.
Under the agreement, customers with an iPhone 6, iPhone 6 Plus, or iPhone 5 or newer paired with an Apple Watch can add their credit or debit card to Apple Pay, then purchase goods and services at participating retailers and vendors across the US.
In addition, cardholders can use Apple Pay with their iPad Air 2 and iPad mini 3 to buy goods and services within apps with a single touch.
With Apple Pay, credit card numbers will not be stored on the device or on Apple servers but a unique device account number will be assigned, encrypted and securely stored in the secure element on a device.
Discover said that credit card holders will still receive all their benefits, including Cashback Bonus and the new Freeze It security tool that enables them to stop new purchases, cash advances, and balance transfers when a card is misplaced.
The agreement will also provide Apple Pay support for credit and debit cardholders at eligible financial institutions in the US this fall.