Customers can also pay for goods and services within apps using Apple Pay on iPhone 6, iPhone 6 Plus, iPad Air 2 and iPad mini 3.

"Apple Pay creates a new fast and secure way for M&T customers to pay," said Mike Shryne, senior vice president of alternative banking for M&T Bank. "We continue to see customers choose channels such as mobile to manage their finances, and the enhancements we've made since introducing mobile banking four years ago – including recently upgrading our apps and mobile banking websites – reflects our efforts to invest in technology that improves the customer experience."

Apple Pay provides strong authentication and security features that M&T customers have come to expect. With Apple Pay, instead of using your actual credit and debit card numbers when you add your card, a unique Device Account Number is assigned, encrypted, and securely stored in the Secure Element, a dedicated chip in iPhone 6, iPhone 6 Plus, iPad Air 2 and iPad mini 3. These numbers are never stored on Apple servers. And when you make a purchase, the Device Account Number, along with a transaction-specific dynamic security code, is used to process your payment. So your actual credit or debit card numbers are never shared by Apple with merchants or transmitted with payment.

At a store, cardholders can pay by holding their iPhone 6 or iPhone 6 Plus near a contactless reader with their finger on Touch ID and their transaction will be authenticated. Paying for goods and services within an app is also as simple as the touch of a finger with Touch ID, so there's no need to manually fill out lengthy account forms or repeatedly type in shipping and billing information.