A new age of shopping
Gone are the days of searching for your wallet. The wasted moments finding the right card. The swiping and waiting. Now payments happen with a single touch or by simply scanning a barcode.
Technology has evolved to such a degree that you will no longer need to take along cards or cash when you go shopping.
Apple Pay and Standard Bank SnapScan are two of the current payment options.
Apple Pay
This will change how you pay with breakthrough contactless payment technology and unique security features built right into the devices you have with you every day. So you can use your iPhone 6 or Apple Watch to pay in an easy, secure, and private way.
To pay, just hold your iPhone near the contactless reader with your finger on Touch ID, or just double-click and go with your Apple Watch. You don’t even have to look at the screen to know your payment information was successfully sent. A subtle vibration and beep lets you know.
Setup is simple. Passbook already stores your boarding passes, tickets, coupons, and more. Now it can store your credit and debit cards, too. To get started, you can add the credit or debit card from your iTunes account to Passbook by simply entering the card security code.
Payments are more secure. Every time you hand over your credit or debit card to pay, your card number and identity are visible. With Apple Pay, instead of using your actual credit and debit card numbers when you add your card, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element, a dedicated chip in iPhone and Apple Watch. These numbers are never stored on Apple servers. And when you make a purchase, the Device Account Number alongside a transaction-specific dynamic security code is used to process your payment. So your actual credit or debit card numbers are never shared with merchants or transmitted with payment.
Apple doesn’t save your transaction information. With Apple Pay, your payments are private. Apple doesn’t store the details of your transactions so they can’t be tied back to you. Your most recent purchases are kept in Passbook for your convenience, but that’s as far as it goes.
SnapScan
With SnapScan, you can have access to your wallet Its the new and convenient way to pay for your purchase with your smartphone.
It’s an app that offers a convenient, safe and secure way for South Africans to transact.
The app is available to any smartphone user, and all transactions on the app are free. You don’t even need to be a Standard Bank customer to use the application. Through a combination of using a QR (Quick Response) code and customer selected secure PIN number, you can transact safely and securely.
Registering for SnapScan is simple; download the app, register your details and your nominated Visa or MasterCard card and then select a unique PIN which will be used whenever you transact.
Once the app is downloaded and you have registered your details, you can start using it by following these three easy steps:
1. Scan the merchants’ unique barcode
2. Enter the amount due
3. Confirm the payment with your unique PIN number
The merchant will then receive their payment with a confirmation SMS. Its as easy as snap, pay and go.
Presently, SnapScan is available at around 10 000 merchants across South Africa. You can even check if your favourite outlet offers the service via the “Merchant Finder” within the app. SnapScan is currently available to iOS, Android and Blackberry users.
The benefits of using this app include that it is safer than dealing with a card or cash, it has cool features like electronic receipts and a merchant finder, and you keep your card and your details away from strangers/businesses. You don’t have to bother with cash.
For more information visit the website at www.getsnapscan.com.
Source: http://www.apple.com/apple-pay/ http://www.blog.standardbank.com/node/59487