PNC, U.S. Bank implement Apple Pay

Two banks with a strong Milwaukee market presence have activated Apple Pay services for customers.

Minneapolis-based U.S. Bank and Pittsburgh-based PNC Bank now allow customers to make mobile payments in retail stores using an iPhone 6 or 6-plus, or the soon-to-be-released Apple Watch.

With Apple Pay, users upload credit or debit cards to their devices, and the device is then used to pay instead of the card. The Apple device and servers do not store the card number, but rather a unique, encrypted device account number. A one-time dynamic security code is generated for each transaction. And if the device is compromised, the information can be remotely erased.

“We couldn’t be more pleased to see this day arrive for our customers,” said 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.”

“As security remains top of mind for PNC and our customers, the features of Apple Pay make it another convenient way for how consumers make in-store purchases today,” said Henry Fulton, retail assets executive for PNC. “We look for Apple Pay to help redefine the way individuals spend their money.”

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