Elavon, a leading payments solution provider in Canada and subsidiary of U.S. Bancorp (USB), now offers its customers access to Apple Pay.
Following the recent launch of Apple Pay in Canada for American Express cardholders, Elavon is among the first payment processing companies to offer Apple Pay to Canadian businesses.
Apple Pay works with current Elavon EMV-contactless point of sale terminals in Canada. To pay, consumers simply hold their mobile device near the contactless reader, exactly as they would a contactless card today. The payment information is then passed to the POS system once the consumer confirms the transaction using Touch ID on their device.
Security and privacy is at the core of Apple Pay, and when a consumer adds a credit card to Apple Pay, the actual card numbers are not stored on the device, or on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on the device. Each transaction is authorized with a one-time unique dynamic security code.
Mia Huntington, Vice President of Elavon in Canada, said, “Elavon has been an early supporter of mobile payments, and Canadians continue to demonstrate their interest in adopting new payment technologies. Along with the increasing consumer demand for contactless payments, Elavon and Apple Pay enable businesses to offer the convenience their customers expect through their preferred method of payment including their iPhone, iPad or Apple Watch."