Apple Pay Coming to Worldpay's Customers in the U.K. from Launch
Offering an Easy, Secure & Private Way to Pay
LONDON, June 9, 2015 /PRNewswire/ --
Worldpay, a leading global provider of payment and risk services, will offer its customers access to Apple Pay, a new category of service that transforms mobile payments with an easy, secure and private way to pay when it launches in the UK next month.
As the UK's leading payment provider, Worldpay is known for bringing innovative new technology to retailers and helping them to offer a better shopping experience. Having accepted the first contactless payment ever made in the UK, Worldpay has been instrumental in the adoption of Near Field Communication (NFC) technology, processing £2billion worth of contactless payments in just four years*.
In readiness for the launch of Apple Pay, Worldpay is working with retailers of all sizes across the UK to make over 250,000 card machines capable of accepting NFC payments. With Worldpay's support, well-known high street brands like Arcadia, Dune, SPAR, and others who accept contactless cards at the Point of Sale, will also soon be able to accept Apple Pay.
To support the rapid growth of m-commerce and in-app purchases in the UK, Worldpay is also helping to integrate Apple Pay into some of the world's biggest travel and retail apps. Worldpay customers will be able to accept Apple Pay in iOS apps to improve their online conversion - all without needing to develop a bespoke payment capability.
Security and privacy is at the core of Apple Pay. When you add a credit or debit card to Apple Pay, the actual card numbers are not stored on the device, or on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorised with a one-time unique dynamic security code, instead of using the security code from the back of your card.
Dave Hobday, UK Managing Director of Worldpay, said: "For Worldpay, the roll out of Apple Pay in the UK is an exciting step in the evolution of contactless payments and heralds the future of retail. Apple Pay is essential for swiftly bringing secure and private mobile payments at scale to the high street, providing shoppers with yet another quick and easy alternative to cash. Retailers who fail to adopt this new technology will quickly lose out to their savvier rivals."
Apple Pay is easy to set up and users will continue to receive all of the rewards and benefits offered by credit and debit cards. In stores, Apple Pay works with iPhone 6, iPhone 6 Plus and Apple Watch. When paying for goods and services within apps, Apple Pay is compatible with iPhone 6, iPhone 6 Plus, iPad Air 2 and iPad mini 3.
For more information on Apple Pay, visit: http://www.apple.com/apple-pay/
* Figures quoted are according to Worldpay transactional data, for contactless transactions processed across the UK during January 2012 to May 2015.
Notes to editors:
- Since processing the first contactless payment in the UK, Worldpay has helped over 380 large retailers adopt contactless technology.
- Worldpay has processed over £2 billion of contactless payments since January 2012, after surpassing the £1 billion milestone in October 2014.
- All Worldpay Point of Sale systems will be ready to accept higher value NFC payments when the increase to £30 limit comes into effect in September 2015.
About Worldpay:
Worldpay is one of the world's leading independent payment processing companies, processing millions of transactions every day. The Worldpay Group has three operating divisions: eCommerce, US and UK.
As the leading payment processor in the UK and Europe, Worldpay helps businesses of all sizes sell more to their customers by accepting credit and debit card payments in-store, online, via mail or telephone, and on the move. In 2014 we handled 44% of all card payments made in Britain.
Globally, Worldpay brings together leading retail payment solutions, offering a range of services including acquiring, gateway, alternative payments, risk management, and mobile payments. Our online payment options cater for over 200 payment types in over 120 currencies. Last year we processed over 10.7 billion transactions across the world.
Worldpay became an independent company in December 2010.
Twitter: @Worldpay
Facebook: http://www.facebook.com/worldpay
For more information please contact:
Tom Parker, Golin: T +44(0)207-067-0288
Emily Lahey, Worldpay: T +44(0)203-664-5663
SOURCE Worldpay
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