MADISON, WI (December 15, 2014) -- UW Credit Union members can now use Apple PayTM to make payments at participating merchants. Rather than using a traditional plastic card in stores, members can pay easily and securely with their iPhone 6 or iPhone 6 Plus. They can also make purchases online within apps with Apple Pay using the newest iPhones and iPads.
“We’re committed to giving our members access to the latest mobile payment technology to make banking simple,” said David Mickelson, UW Credit Union’s Vice President of Retail Delivery Operations. “Apple Pay will save members time, making their cards even more convenient to use at stores.”
To get started with Apple Pay, members add their card information to an iPhone 6, iPhone 6 Plus or Apple Watch, upon availability. When checking out, they simply hold the device near participating merchants’ card readers with a finger on Touch ID, which completes the transaction. The process is secure because the actual credit and debit card numbers aren’t 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 authorized with a one-time unique dynamic security code, instead of using the security code from the back of your card.
“More than 50 percent of our mobile banking logins come from iPhones,” said Rob Van Nevel, Senior Vice President & Chief Member Solutions Officer of UW Credit Union. “Offering Apple Pay is one more way we make our services more accessible to our members.”
For additional information about Apple Pay, visit http://www.apple.com/apple-pay/. To learn more about UW Credit Union, visit uwcu.org.
About Us
UW Credit Union is a growing, federally insured financial institution and a leading provider of a full range of financial services to University of Wisconsin communities. UW Credit Union's 456 employees serve the financial needs of more than 200,000 members through world-class technology systems, and through a convenient network of 22 branch locations and over 100 ATMs. With assets totaling $1.9 billion, UW Credit Union is ranked nationally among the leading credit unions. Founded more than 80 years ago by members of the University of Wisconsin community, UW Credit Union continues to operate as a not-for- profit, member-owned financial cooperative with locations in the Madison, Milwaukee, Stevens Point, Green Bay, Oshkosh and Whitewater areas. Visit UW Credit Union at uwcu.org to learn more.
Apple, the Apple logo, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. Apple Pay is a trademark of Apple Inc.