Cardinal Bank Adds Apple Pay
Another bank has added Apple Pay to its mobile services. Cardinal Bank, an institution that primarily serves the Virginia and D.C. metro area, announced Friday that their consumer and business clients will be able to complete transactions through Apple Pay using their Cardinal bank debit and credit cards.
Apple Pay allows users to make purchases at participating stores with their iPhone 6 or Apple Watch.
With Apple Pay, payment card numbers are not stored on the device or Apple servers. Instead of providing merchants the actual payment card information, a Device Account Number is assigned, encrypted and stored. This number is used to complete transactions.
Apple Pay usage is on the rise, according to a recent study. 12,673 North American merchants (95% of them small businesses) have added Apple Pay as a payment option.
“We are very pleased to offer this new service to our clients. Apple Pay expands our mobile service offering of banking on-the-go,” said Alice P. Frazier, Chief Operating Officer. “We continually strive to provide state-of-the-art products and services to meet our clients’ needs. Apple Pay is one example of how Cardinal Bank is leading the way with convenience banking.”