Ninoska Suárez, VP of Marketing. External source.
The Cibao Savings and Loan Association announced the addition of Apple Pay , a contactless, secure, and private payment method.
With this integration, Association cardholders will be able to use their Apple devices —iPhone, Apple Watch, iPad and Mac— to make payments easily and quickly at thousands of establishments, applications and websites.
Customers simply tap their iPhone or Apple Watch against a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it's authenticated with Face ID, Touch ID, or the device passcode, as well as a unique, one-time dynamic security code.
To activate the service, customers simply open the Wallet on their iPhone, select the + , and follow the steps to add their credit or debit cards issued by Asociación Cibao. Once registered, the card will be available for immediate use on the device.
"At Asociación Cibao, we always work to offer our clients modern and secure solutions like Apple Pay, which allow them to manage their payments quickly and reliably, in line with the highest technological standards," said Ninoska Suárez, Vice President of Marketing at Asociación Cibao.
Security and privacy are paramount at Apple Pay. When customers use a credit or debit card with Apple Pay, card numbers are not stored on the device or on Apple's servers. Instead, a unique Device Account Number is assigned, encrypted, and securely stored in the Secure Element—an industry-standard, certified chip designed to securely store payment information on the device.
With this addition, the Cibao Association becomes the first savings and loan association in the country to enable this service.
