Apple Pay Now Available for U.S. Bank And Navy Federal Credit Union Customers

U.S. Bank customers will now be able to pay using their mobile devices as Apple Pay went live for the fifth-largest commercial bank in the United States this week.

Apple Pay lets customers make in-store mobile payments from their iPhone 6, iPhone 6 Plus and upcoming Apple Watch. When paying for goods and services within apps, Apple Pay is compatible with iPhone 6, iPhone 6 Plus, iPad Air 2 and iPad mini 3.

“We couldn’t be more pleased to see this day arrive for our customers,” says Dominic Venturo, chief innovation officer at U.S. Bank. “Providing our customers the ability to securely pay where, when and how they want is a central theme for our payments business. Enabling our customers to use Apple Pay is the perfect example of how we bring that philosophy to life.”

When U.S. Bank customers add a credit or debit card with 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, instead of using the security code from the back of the card. If the device is lost or stolen, all information can be made inaccessible or erased remotely.

For more detailed information about using U.S. Bank and Apple Pay visit:
http://www.usbankgomobile.com/wallet
and
http://www.apple.com/apple-pay

Apple Pay Now Available to Navy Federal Members

Navy Federal Credit Union announced Tuesday that its five million members now have access to Apple Pay. Members can use Apple Pay with the new iPhone 6, iPhone 6 plus, Apple Watch, iPad Air 2 and iPad mini 3.

“We’re excited to make this new service available to our members starting today,” says Randy Hopper, vice president of credit cards and business optimization at Navy Federal. “Our members live fast-paced and mobile lives. And, they have enthusiastically adopted our mobile banking solutions. Now, with Apple Pay, they’ll be able to save time when shopping while having a safe and easy payment experience.”

Apple Pay expands digital servicing for Navy Federal’s members – many of whom are active duty military personnel and their families – who rely on mobile technology in their daily lives. The credit union cites this as a major driver for its emphasis on digital service channels.

Federally insured by NCUA, Navy Federal Credit Union is the world’s largest credit union with $62 billion in assets, 5 million members, 257 branches, and a workforce of over 12,000 employees worldwide. The credit union serves all Department of Defense and Coast Guard active duty, civilian, and contractor personnel and their families. For additional information about Navy Federal, visit:
http://www.navyfederal.org

Video:
http://youtu.be/_qy5t1Mj9V8