Major banks after Apple Pay system

Sept. 18, 2014 - PRLog -- The major banks started campaigns to persuade users to choose their credit and debit cards as the default option in the  Apple Pay mobile payment system.

As announced by the company, the platform will start in October, allowing users to securely store up to eight credit cards or debit cards in their phones to make purchases at a store only using his iPhone at a NFC terminal , saving users the hassle of carrying multiple cards in their wallets. Similarly, purchases may be made online by opening the application on your phone.

Since the system’s introduction the expectation and interest from users and financial institutions have increased, already betting on this platform that could revolutionize the payment system.

Following the announcement big banks like Bank of America, JPMorgan Chase, Wells Fargo, American Express and Citigroup have begun to convince more Apple Pay users to choose their cards as the platform’s default payment option.

The full functionality of Apple Pay is...read the full free article by clicking on the link below

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