RadioShack Launches Apple Pay in Stores Next Week

FORT WORTH, Texas, Oct. 16, 2014 /PRNewswire/ -- Starting next week, RadioShack will roll out its initial launch of Apple Pay at more than 900 RadioShack locations in five key markets: Manhattan, Washington, D.C., Chicago, Los Angeles and San Francisco. Additional markets will be announced in 2015. RadioShack customers will be able to conveniently make purchases and check out using Apple Pay, making shopping easier than ever. Shoppers can simply hold their iPhone near the contactless reader while keeping a finger on Touch ID. In participating stores, Apple Pay will work with iPhone 6, iPhone 6 Plus and Apple Watch, upon availability.

Apple Pay combines Apple's seamlessly integrated hardware, software and services to create a unique and intuitive experience. When you add a credit or debit 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, instead of using the security code from the back of the user's card. Apple Pay is easy to set up and users will continue to receive all of the rewards and benefits offered by their credit and debit cards.

"RadioShack is proud to be one of the select retailers debuting this exciting new payment option from Apple," said Joe Magnacca, chief executive officer at RadioShack. "As part of our commitment to put customers first, we want to provide additional payment options that take advantage of new solutions and make the process easier for the customer. We are pleased to continue to leverage technology to improve our store experience."

About RadioShack Corporation

RadioShack (NYSE: RSH) is a leading retailer focused on connecting customers with personalized solutions and discovering what's possible through the latest in consumer technology. The company's updated product assortment incorporates national brands, industry-leading private brand products, and in-demand mobile devices from a wide selection of wireless carriers. Customers can shop top brands in headphones and speakers, wearable technology, smart toys and DIY supplies, connected home, power accessories and home entertainment at www.radioshack.com or in store. RadioShack's global retail network includes more than 4,400 company-operated stores in the United States and Mexico and more than 1,200 dealer stores in 25 countries. RadioShack employs approximately 27,000 knowledgeable associates globally to help customers find their technology solution. For more information on RadioShack Corporation, please visit www.radioshackcorporation.com. Find RadioShack on Facebook, Twitter, Instagram, and YouTube. RadioShack® is a registered trademark licensed by RadioShack Corporation.

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SOURCE RadioShack Corporation

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