Apple Pay Payments with Apple Watch
There’s a major technological race underway to eliminate that bulky, glorified money clip in your pocket packed with credit cards, cash, and random receipts.
Apple is one of the companies aiming to make your wallet obsolete, and as we’ve shown you in this space before, we’re getting closer by the day. Earlier this month, Apple released tons of new details about the next step in that evolution − the Apple Watch – and its use with Apple PayTM.
What’s an Apple Watch?
On April 24, Apple will release its long-in-development Apple Watch. Just as the iPhone was far beyond a simple device to call friends, the Apple Watch will be a whole lot more than just a time-keeping wristwatch.
Those familiar with iPhone functionality should recognize many features of the new Apple Watch, including a host of apps which can do everything from call you a taxi to check you into a flight, and even monitor your heartrate.
And much like the iPhone, Apple is also turning the Apple Watch into a new payment method for both businesses and consumers, courtesy of Apple Pay.
How Apple Pay Works
On iPhone 6 and iPhone 6 Plus, Apple Pay works by using NFC (near field communication) technology to communicate with compatible card readers. Users first need to enter their card data into their Passbook app. Once that’s done, Apple Pay lets you simply hover your device over an NFC-equipped credit card reader, select a card type, confirm payment…and you’re done.
If you’re already familiar with Apple Pay on iPhone, Apple Watch sounds like it’ll end up working with NFC-equipped card readers in much the same way, perhaps even making things a little more streamlined.
Payments with Apple Watch
Making payments with an Apple Watch will be somewhat easier than iPhone payments, according to The Verge. That’s because Apple Watch will allow you to skip the step needed to authenticate payments. So long as you’ve paired your iPhone with your Apple Watch beforehand, you should be able to just wave or tap your watch over an NFC-equipped card machine, confirm the purchase, and make a payment.
Besides being password protected, another cool security feature of the Apple Watch is that it’ll have sensors that know when it’s on your wrist and when it’s not─ meaning, if you took off your Apple Watch and gave it to your friend, he or she wouldn’t be able to make a payment for you, as the phone wouldn’t work.
There’s also good news for owners of older iPhones. Traditionally, Apple Pay was only available on iPhone 6 and iPhone 6 Plus, but Apple Watch will allow it to work with iPhone 5, 5C, and 5S.
Accepting Apple Watch Payments
If you’re wondering how to accept Apple Pay, all you’ll need at your business is a NFC-equipped credit card reader. TSYS Merchant SolutionsSM currently offers multiple options for making that happen. If you’re still in the process of deciding on which POS system would be right for your business, or thinking about upgrading, check out our recent blog posts for available options − or just get in touch.