“We successfully launched Apple Pay at our Czech subsidiary Česká spořitelna this February and our customers there are extremely satisfied. Our longer-term goal, is to make Apple Pay available to Erste customers in all our banking markets,” said Peter Bosek, Chief Retail Officer at Erste Group.
Security and privacy are at the core of Apple Pay. When you use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor 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 authorised with a one-time unique dynamic security code.