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Apple Pay Payment Method Guide

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Apple Pay Payment Method Guide Apple Pay Payment method guide Apple Pay is a mobile payment and digital wallet service by Apple Inc. that lets users make payments in-app or in-store with select Apple devices. • Seamless cross channel solution in-app & in-store • Delivering a frictionless customer experience with Touch ID • 99% authorization rate • Liability shift on fraudulent transactions Fast facts that Apple Pay only works for physical goods and services. In-app Markets United States purchases for digital goods or within iTunes are conducted via In-app and POS United Kingdom US and UK issued card holders reconciliation, reporting and settlement services. anywhere in the world. Markets Australia Canada In-app only Recurring payments Yes Australian and Canadian cards issued anywhere in the world. Refunds Yes Currencies 187 currencies Partial refunds Yes Status New mobile-centric payment method Chargebacks Not for any fraud related reason codes Relevance level Demonstrate innovation Supported devices iPhone 6, iPhone 6 Plus, iPhone 6S, (although cards are being regularly added). As of November 2015, iPhone 6S Plus, Apple Watch-compat- the following cards are supported in each market: ible devices, iPad Air 2, and iPad Mini • US: Visa, MasterCard, American Express, Discover Channels Smartphone, Tablet, POS • UK: Visa, MasterCard, American Express • Australia: American Express Who It’s Relevant For • Canada: American Express Due to its cool factor and frictionless experience, Apple Pay is a Adyen supports all the cards above. www.adyen.com How it works Setup Apple Pay acts as a digital wallet, and stores consumers’ payment Apple Pay will receive these requests. If the issuer approves, the cards securely on the device. data of the virtualized card is securely sent to the Secure Element in the Apple device and the device is ready for use. input their card details or take a photo of the front of the card. If Transactions on tablet/smartphone they choose the latter, all of the information is encrypted and sent Apple Pay is an inherently mobile experience, and works on the to Apple’s servers, where Apple decrypts and determines the card iPhone 6, iPhone 6 Plus, iPhone 6S Plus, iPad Air 2, and the iPad scheme or card issuer. Apple then re-encrypts the data with a key Mini 3. Apple Pay is enabled since the iOS8.1 release, delivered October 20th, 2014. Next, the card scheme, as part of the Apple Pay solution, sends To pay within apps, consumers simply select Apple Pay, and place the encrypted card data, along with other user information, such as iTunes account activity and device information (e.g. name of device, location, device history with iTunes) to the issuing bank. Once consumers submit the payment, Adyen processes the The bank then determines whether the card can be virtualized for Apple Pay. Please note that only issuers that are integrated with and functionality are regularly added through iOS updates. www.adyen.com steps may differ according to the shopper's choices and the merchant setup. 1. After selecting the item they wish to purchase, the 2. Shopper pays with ‘Touch ID’ – where the iPhone (or shopper selects Apple Pay (this is an option for express checkout). 3. The shopper reaches the thank you page. www.adyen.com POS Transactions Available Integration Methods Apple Pay also works on the iPhone 6, iPhone 6S, iPhone 6S Plus At this moment Apple Pay only works with native iOS apps. and on the Apple Watch to facilitate in-store payments via NFC Merchants wishing to integrate Apple Pay will do that through (Near Field Communication). Apple Pay works at any merchant that Adyen’s iOS library or Direct API. is NFC enabled at the Point-of-Sale. To pay in stores, consumers simply tap their iPhone against merchants to add Apple Pay support no matter the selected iOS the contactless reader at checkout, and then authenticate the app integration with the Apple Pay services. Possible integration transaction with Touch ID. methods include: • Adyen’s iOS Framework: Encrypted Apple Pay data is retrieved This authentication signals to the phone that it can transmit the using Adyen software that can be added to the merchant’s Device Account Number (a token issued by the card network) and native application its accompanying “transaction specific dynamic security code” • Decrypted Apple Pay Data: The merchant retrieves the Apple to the merchant's terminal. The transaction then proceeds as a Pay Data and decrypts it before sending it to Adyen for processing bank network or issuer verifies that the consumer’s payment • Encrypted Apple Pay Data: The merchants retrieves the information is coming from the correct device and has not been Apple Pay Data and does not decrypt it before sending it duplicated. for Adyen for processing Security Apple designed Apple Pay to use tokenization. Apple has worked that should be addressed on a case-by-case basis. directly with credit card networks like Visa and American Express to move tokenization to their end of the chain. The Apple Pay setup is the only time actual credit card information to the card network, it is decrypted and the card network issues a token called a Device Account Number (DAN). The DAN is device- network sends this DAN to Apple along with other information, such as the key used to generate dynamic security codes unique to each transaction. Apple securely stores this information on the phone in a “secure element”, which is a separate chip within the iPhone running separated from the phone operating system. The secure chip is also the only element within the device that can produce dynamic security codes. During merchant transactions, Apple Pay does not send the merchant the standard card number, CVV or expiration date from the customer. Instead, it only sends the merchant the DAN. This DAN is translated into a credit card number only when it reaches the payment network, meaning that only the issuing bank and the card scheme have information about the card. www.adyen.com.
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