Apple Pay Is Now Available To All ANZ Bank Customers

Today, ANZ switched on Apple Pay for its five million Australian customers, allowing contactless payments to be made with iPhone and Apple Watch devices. Here's what you need to know.

Today's announcement makes ANZ the first Australian bank to enable Apple Pay support for all customers. (The payment system was previously limited to American Express credit cards.) The new rollout will allow ANZ customers to use Apple Pay to make quick, secure purchases wherever contactless payments are accepted. Currently, this amounts to around 70 per cent of all merchant payment terminals in Australia.

ANZ's CEO Shayne Elliott is calling the introduction of the technology a "watershed moment" in the adoption of mobile payments in Australia. "I’m proud we’re the first major Australian bank to offer Apple Pay and we are confident the convenience, security and privacy will be well received by our customers," Elliott said in a statement.

Apple Pay does not store card numbers on the device or on Apple's servers. Rather, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element of the device. Each transaction is authorised with a one-time unique dynamic security code. This is similar to how contactless payment systems work on Android.

Currently, Apple Pay with ANZ is supported on the iPhone 6, iPhone 6 Plus, iPhone 6s, iPhone 6s Plus and iPhone SE as well as all iterations of the Apple Watch.

In addition to merchant payment terminals, Apple Pay can also be used to make instant online purchases via the iPhone's Touch ID fingerprint recognition feature. To shop online with Apple Pay, you'll need one of the aforementioned iPhones or an iPad Air 2, iPad mini 3 or iPad Pro. Naturally, the shopping app in question also needs to support Apple Pay.

Apple Pay supports different levels of connectivity with banks’ own payments apps. Unfortunately, ANZ customers won't be able to see their full payment data or transaction history through Apple Pay, but they will be able to see a list of their most recent transactions.

You can find out more about Apple Pay over on Apple's website.


Comments

    So an ANZ customer could use Apple Pay in any store that accepts paywave? Not just specific stores?

    Doesn't support Mastercard, which is disappointing.

Join the discussion!

Trending Stories Right Now