SumUp and ApplePay partner to boost merchant transactions
By Joy Dumasia
Global payments service provider SumUp brings its UK-based customers Apple Pay. A safer, more secure and private way to pay helps SumUp merchants avoid handing their payment card to someone else, touching physical buttons or exchanging cash.
SumUp merchant cardholders hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code.
Cardholders can also use Apple Pay on iPhone, iPad, and Mac to make faster and more convenient purchases in apps or on the web in Safari without creating accounts or repeatedly type in shipping and billing information.
When merchants use a SumUp Card with Apple Pay, the actual card numbers are not stored on the device nor Apple servers. A unique Device Account Number is assigned, encrypted, and securely stored in the Secure Element, an industry-standard, certified chip designed to keep the payment information safely on the device.
Once a merchant adds a card to iPhone, Apple Watch, iPad, and Mac, they can start using Apple Pay on that device right away. Merchant cardholders will continue to receive all of the rewards and benefits offered by the SumUp Card.
Recently, IBS Intelligence reported that SumUp announced that it has collaborated with Google Pay to allow merchants to make safer and quicker business transactions. Existing SumUp Card-holders in the UK, France, Italy, and DACH, will now be able to add the Card to their phone wallet and start using it for business payments in stores, online, and other Google products.
IBSi Daily News Analysis
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage