Canada's big banks adopt Apple Pay via MasterCard
MasterCard has enabled its cardholders in Canada to use Apple Pay for making easy and secure mobile payments.
MasterCard said that its credit cardholders banking with Royal Bank of Canada (RBC), Canadian Imperial Bank of Commerce (CIBC), Canadian Tire Bank and ATB Financial can pay with Apple Pay, while BMO Financial Group (BMO) cardholders will be able to use Apple Pay in the coming weeks.
Apple Pay enables users to upload credit and debit card information to their iPhones and Apple Watches and make in-store purchases using their devices.
To ensure the integrity of cardholder information, Apple Pay uses MasterCard’s safe and secure platform, MDES (MasterCard Digital Enablement Service), which uses the most advanced payment technologies – EMV, tokenization, cryptography and biometrics.
MasterCard Canada vice president of digital payments Jason Davies said: “We’re excited to work with Apple to bring a new way to pay that eliminates something many of us dislike: carrying a bulky physical wallet. Apple Pay allows consumers to pay with their iPhone – an item most of us wouldn’t think to leave home without.
“Thanks to our contactless footprint, our cardholders can tap their Apple devices to pay across the country. This innovation is part of our commitment to offer Canadians convenient, fast and secure payment options.”