What Is Apple Pay? How Do Merchants Accept Apple Pay?

What Is Apple Pay? –

In the Card-Present environment, Apple Pay uses a NFC transmitter in either the iPhone 6, 6 Plus or  Apple Watch to transmit secure transaction data from the user’s iPhone to a compatible contactless receiver in a merchant’s store. No real credit card data is transmitted, only a one-time token that is useless if stolen. The customer simply picks a card, taps the phone next to the terminal, and the transaction is completed.


As you may have read in past newsletters, the EMV transition is proceeding swiftly and MSL has been shipping EMV-compatible devices for quite some time. If you have not spoken to your [Card-Present] merchants about EMV, now is definitely the time. The great news is that even though Apple Pay is a few months away, EMV is ready right now, and any EMV terminal we deploy will be compatible with Apple Pay in the future by adding a PIN/NFC peripheral device. So what and how do you sell this new technology to your merchants?

 Simply put, EMV makes your merchant’s transactions safer and isolates their business from fraud risk by leveraging on-card encryption (inside that little “chip”). As mentioned above, every new terminal we deploy is currently EMV compatible [unless a merchant requests it not be] and will isolate the merchant from fraud risk starting in 2015.


How Do Merchants Accept Apple Pay?

Merchants need a NFC receiver that is certified for Apple Pay and will need to be on the MSL First Data platform for now – other platforms will undoubtedly be added. Most of the recently-deployed terminals are already compatible with EMV and contactless payment methods (mostly NFC and Apple Pay), which means they only need a receiver to accept Apple Pay. There are a number of receivers that will be made available soon, and they will allow both new merchants and existing merchants to accept PIN Debit, EMV cards, and NFC/Apple Pay. These devices are intended to be backwards compatible with many existing terminals. Apple Pay is also 100% compatible with the CLOVER station using an upgraded FD-40 PIN Pad (available soon).


apple pay

When Can Your Merchants Accept Apple Pay? –

Apple is scheduled to release final specs on 18th October, 2014. These specs will then need to be certified on the PIN/EMV/NFC devices and then we can start shipping. No merchants anywhere will be able to accept Apple Pay transactions until at least after 18th October. We are unsure exactly when the rollout will occur, but will keep you posted as news develops.

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