Elavon delivers Apple Pay for Canadian merchants
Payments technology provider Elavon has announced that it now offers Apple Pay acceptance to Canadian merchants.
Elavon, a unit of U.S. Bancorp, is among the first payment processing companies to offer Apple Pay to Canadian businesses following the recent launch of Apple Pay in Canada for American Express cardholders.
Apple Pay works with current Elavon EMV-contactless point of sale terminals in Canada.
When a consumer adds a credit card to Apple Pay, the actual card numbers are not stored on the device, or on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on the device.
Each transaction is authorized with a one-time unique dynamic security code, Elavon said in a press statement.
Elavon vice president in Canada Mia Huntington said: “Elavon has been an early supporter of mobile payments, and Canadians continue to demonstrate their interest in adopting new payment technologies. Along with the increasing consumer demand for contactless payments, Elavon and Apple Pay enable businesses to offer the convenience their customers expect through their preferred method of payment including their iPhone, iPad or Apple Watch.”