Press

Members can now pay with just the tap of their iPhones

INDIANAPOLIS, IN (June 1, 2015) — Elements Financial is pleased to announce its Elements Visa® debit and credit cards can now take advantage of Apple Pay, a category of service that will transform mobile payments with an easy, secure, and private way to pay. Members can use Apple Pay with an iPhone 6®, iPhone 6 Plus, iPad AirTM 2, iPad miniTM 3, and Apple WatchTM.

Security and privacy is at the core of Apple Pay. Actual debit and credit card numbers are not stored on the user’s device nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted, and securely stored in the Secure Element on the device. Each transaction is authorized with a one-time unique dynamic security code, rather than using the security code from the back of the card. In addition to Apple Pay, Elements already offers credit cards with EMV smart-chip technology and VISA’s Zero Liability protection.

“We have tech-savvy members with high expectations. It’s our job to keep up with their habits and needs so they can access their money the way they want, when they want,” said Chris Sibila, senior vice president of payments and projects at Elements. “Apple Pay at Elements brings a superior level of convenience and security to our early adopters while also introducing a new payment option for all our members to explore.”

For more information about the implementation of Apple Pay at Elements, visit elements.org/applepay.

About Elements Financial

Elements Financial provides financial wellness solutions to individuals through our original sponsor Eli Lilly and Company and a variety of 60+ companies across Indiana and nationally. Based on mortgage loans, Elements ranks 9th in the Indianapolis market. The credit union has more than $1 billion in assets and six branches in Central Indiana, and we provide access to more than 70,000 surcharge-free ATMs globally and 5,000 shared branch locations nationally. Elements Wealth Management is a full-service investment management and financial planning firm with nearly $500+ million in assets under management. Last year alone, our 60,000+ Elements member-owners saved $9.1 million just by doing business with us*, thanks to great rates and low fees. Join us at elements.org to learn more as we pursue the goal of financial wellness for all our members.