MALVERN, Pa. — Wireless, cashless payment systems manufacturer USA Technologies (USAT) has implemented a nationwide rollout of new acceptance points for Apple Inc.’s Apple Pay mobile payment system, USAT reports.
The move adds approximately 200,000 acceptance points to the “growing list” of locations supporting Apple Pay, bringing the mobile payment service to owners and operators of vended laundry equipment, among other self-serve appliances.
“Our customers are excited to accept Apple Pay at the self-serve locations they operate,” says Stephen P. Herbert, chairman and CEO of USAT. “We anticipate that the millions of consumers who frequent these locations will appreciate the convenience and security of using Apple Pay for their everyday purchases.”
Apple Pay users add a credit or debit card through the app. Actual card numbers are not stored on the device, nor on Apple’s servers. Instead, a unique “Device Account Number” is “assigned, encrypted and securely stored” in the “Secure Element” on the user’s mobile device, according to USAT.
Each transaction is authorized with a one-time “unique dynamic security code,” instead of using the security code found on the back of the original debit/credit card.
“USA Technologies has always sought to provide convenience, security and an easy way to pay for consumers who are less and less likely to carry cash,” says Herbert. “We recognized early on the potential for mobile payment, and promoted the technology to ensure our customers were ready for this shift to occur.”