ING customers in Australia wanted it. ING in Australia has provided it. It’s Apple Pay, Apple's NFC payment system that lets users’ make purchases using an iOS device.
ING in Australia made the announcement today (21 February) saying there had been high demand from customers for Apple Pay.
“Approximately 70 percent of our Orange Everyday customers who use our app connect with us through Apple devices and they’ve been asking us for Apple Pay. We’re delighted to be able to deliver,” said John Arnott, Executive Director, Customers.
Apart from its one-touch simplicity, a feature of Apple Pay is that card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on the users’ device. Each transaction is authorized with a one-time unique dynamic security code.
While Australia is the first of ING’s countries to introduce Apple Pay, it can’t rule out adopting it in other markets.
Eric Tak, Head of the Bank’s Payments Centre said ING continuously watches new market developments in the payments domain including developments on Apple Pay.
“At this time it is too early to tell if ING is interested in cooperating with Apple on Apple Pay in other markets,” he said.