1 thought on “What is Apple Pay? What is its approximate workflow”
Carole
Apple 6 and above models, there is a NFC communication module. Apple launched the Apple Pay to allow mobile phone users to generate a virtual card corresponding physical card by binding the bank's credit card or debit card. Use physical cards, but reflected as virtual card consumption payments, and complete payment according to fingerprints (input passwords, signatures) to avoid the risk of physical card leakage card numbers, passwords (or stolen information). Of course, the data of virtual card consumption is finally reflected in it On the physical card. APPLE PAY, as a payment technology, does not change the original capital flow method, so it is supported by banks and UnionPay. Apple only provides a security payment technology. Originally consumed, the merchant needs to pay the card fee to the bank at a certain percentage. The receiving institution, UnionPay, and card issuing bank are divided in accordance with a certain proportion. Now Apple inserts to participate in the division. The preliminary agreement is In the first two years, Apple was exempted into the handling fee. The domestic banks have supported credit cards and debit cards. Many banks (or payment clearance agencies) POS supports Apple Pay payment, but many cashiers do not know this at all, but they can call them directly. According to conventional payments, if there is a prompt for the menu: if you swipe your card, insert your card, and wave your card, you can try it with an iPhone6 or above the iPhone6 that has been bound or debit card! Some bank tellers also support the Apple Pay to withdraw money, and use mobile phones to withdraw money directly. For example, CCB and ICBC have supported it. I heard that Everbright Bank also supports it.
Apple 6 and above models, there is a NFC communication module. Apple launched the Apple Pay to allow mobile phone users to generate a virtual card corresponding physical card by binding the bank's credit card or debit card. Use physical cards, but reflected as virtual card consumption payments, and complete payment according to fingerprints (input passwords, signatures) to avoid the risk of physical card leakage card numbers, passwords (or stolen information). Of course, the data of virtual card consumption is finally reflected in it On the physical card.
APPLE PAY, as a payment technology, does not change the original capital flow method, so it is supported by banks and UnionPay. Apple only provides a security payment technology. Originally consumed, the merchant needs to pay the card fee to the bank at a certain percentage. The receiving institution, UnionPay, and card issuing bank are divided in accordance with a certain proportion. Now Apple inserts to participate in the division. The preliminary agreement is In the first two years, Apple was exempted into the handling fee.
The domestic banks have supported credit cards and debit cards. Many banks (or payment clearance agencies) POS supports Apple Pay payment, but many cashiers do not know this at all, but they can call them directly. According to conventional payments, if there is a prompt for the menu: if you swipe your card, insert your card, and wave your card, you can try it with an iPhone6 or above the iPhone6 that has been bound or debit card! Some bank tellers also support the Apple Pay to withdraw money, and use mobile phones to withdraw money directly. For example, CCB and ICBC have supported it. I heard that Everbright Bank also supports it.