Visa Europe security updates may set the stage for Apple Pay expansion
Visa Europe is rolling out the security technology that Apple Pay uses to process payments, raising the question of whether the Apple mobile payment system will cross the pond in the coming months.By mid-April, Visa member banks in Europe will be able to process tokens, the company said Tuesday. This technology replaces a person’s credit card information with a random series of numbers called a token, which retailers send to a financial institution when a person uses a smartphone or wearable device to pay for merchandise. The technology is considered better at protecting a person’s financial data since it doesn’t transmit credit card details. Apple uses tokens to complete mobile payments made with the iPhone 6, iPhone 6 Plus and its upcoming smartwatch.To read this article in full or to leave a comment, please click here