President’s Choice Financial and Tangerine Credit Card Holders Can Now Use Apple Pay

Today, President’s Choice Financial and Tangerine have both announced that their customers are now able to use Apple Pay when performing credit card purchases.

PC Financial MasterCard and Tangerine credit card customers can now use an iPhone, iPad or Apple Watch to make their purchases.

“We know the PC Financial® customer wants simplicity, convenience and, most importantly, security when making a payment, and we look forward to offering Apple Pay as a digital option that delivers on all of these values,” said Barry Columb, president of PC Bank. banner-apple-pay

One of the benefits of using Apple Pay, as described by President’s Choice, is the security and privacy that it offers users. When buyers use a credit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers.

Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on the user’s device.

Each transaction is authorized with a one-time unique dynamic security code.

In addition to Tangerine and PC Financial, the list of financial institutions participating in Apple Pay in Canada now includes Bank of Montreal, American Express, ATB, Canadian Tire, CIBC, RBC, Scotiabank and TD.

In stores, Apple Pay currently works with iPhone SE, iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus and Apple Watch.

According to reports, it is unclear when debit purchases will be supported by either PC Financial or Tangerine, in connection with Apple Pay.

For more information about Apple Pay, visit http://apple.com/ca/apple-pay.

 

 

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