back Back

Kroo brings Apple Pay to customers

By Edlyn Cardoza

September 22, 2022

  • Apple Pay
  • Contactless Payment
  • Device Account Number
Share

Kroo, Apple Pay, iPhone, Payment Card, Contactless Payment, Face ID, Touch ID, Device Account Number, Secure Element, LondonKroo, having received its full banking licence, brings its customers Apple Pay, a safer, more secure, and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash — and uses the power of iPhone to protect every transaction.

Customers hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, device passcode, and a one-time unique dynamic security code. Apple Pay is accepted in grocery stores, pharmacies, taxis, restaurants, coffee shops, retail stores, and many more places.

Customers can also use Apple Pay on iPhone, iPad, and Mac to make faster and more convenient purchases in apps or on the web in Safari without creating accounts or repeatedly typing in shipping and billing information. Apple Pay makes it easier to pay for food and grocery deliveries, online shopping, transportation, and parking, among other things. Apple Pay can also make payments in apps on Apple Watch.

Security and privacy are at the core of Apple Pay. When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device or Apple servers. Instead, a unique Device Account Number is assigned, encrypted, and securely stored in the Secure Element, an industry-standard, certified chip designed to store the payment information safely on the device.

Apple Pay is easy to set up. On iPhone, open the Wallet app, tap +, and follow the steps to add Kroo’s debit card. Once customers add a card to iPhone, Apple Watch, iPad, and Mac, they can start using Apple Pay on that device immediately. Customers will continue receiving all the rewards and benefits from Kroo’s card.

Previous Article

September 22, 2022

TerraPay and NIPL to drive merchant payments via UPI-enabled QR codes

Read More
Next Article

September 22, 2022

3 promising InsurTech companies in Australia

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

December 06, 2024

PayPoint & Lloyds Bank enhance merchant services for UK SMEs

Read More

December 06, 2024

Premier Bank & Mastercard roll out Sharia-compliant cards in Kenya

Read More

December 06, 2024

Mambu acquires French PayTech provider Numeral

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q3 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More