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Westpac switches on Apple Pay for its Australian customers

WestpacAustralia’s Westpac has announced the availability of Apple Pay for the bank’s customers with an eligible Mastercard debit or credit card, or the eftpos Handycard. With Apple Pay, customers will be able to make fast and convenient purchases in stores, in apps and on participating websites.

David Lindberg, Westpac Group Chief Executive, Consumer enunciated, “We are pleased to announce that Westpac customers can now use Apple Pay to make fast and secure payments. This comes at an important time for our customers, who are looking for an alternative to cash.

“We have seen a significant increase in customers using digital banking in recent weeks as more Australians stay at home. With the introduction of Apple Pay, it will now be even easier for customers to pay for goods and services in stores, via apps or online without the need for a card or wallet.”

Security and privacy are said to be at the core of Apple Pay. When a credit or debit card is used with Apple Pay, the actual card numbers are not stored on the device, nor on the Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element of the device. Each transaction is said to be authorised with a one-time unique dynamic security code.

The bank has mentioned that Apple Pay is easy to set up and customers with an eligible Mastercard debit or credit card will continue to receive all the rewards and benefits offered by the bank. Westpac debit card holders can select the payment option linked to their card when they pay with Apple Pay, including ‘Mastercard Debit’, ‘eftpos CHQ’ and ‘eftpos SAV’.

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