SANTO DOMINGO – Banco Popular Dominicano, a subsidiary of Grupo Popular, announced that starting today, Tuesday, it will offer Apple Pay to its customers, a more secure and private way to pay without having to pass payment cards between people, touch buttons, or exchange cash. It also uses the full power of the iPhone to protect every transaction.
"Customers can make contactless payments simply by holding their iPhone or Apple Watch near the payment terminal. Every purchase made with Apple Pay is highly secure, requiring authentication via Face ID, Touch ID, or the device passcode, as well as a unique dynamic security code generated on the spot. Apple Pay can be used at grocery stores, pharmacies, restaurants, cafes, and other retail locations," a press release highlights.
The press release emphasizes that security and privacy are the cornerstones of Apple Pay. "When customers use credit or debit cards with Apple Pay, the actual card number is never stored on the device or on Apple's servers," the release states.
It explains that instead, an account number is assigned to the device, which is encrypted and securely stored in the Secure Element, an industry-standard, certified chip designed to securely store payment information in the device.
Apple Pay is very easy to set up. "Simply go to the Wallet app on your iPhone, tap the + button, and follow the instructions to add your Banco Popular credit or debit cards. When a customer adds a card to their iPhone or Apple Watch, they can start using Apple Pay on the device immediately, while continuing to receive all the rewards and benefits offered by Banco Popular cards," the press release concludes.
