Payment technology

Capital One partners with Apple Pay for contactless payments

249px-Capital_One_Financial_logo.svgCapital One said on Tuesday that its customers will have access to Apple Pay, Apple’s new payment service, beginning next month.

According to the company, in October, customers can use their debit and credit cards directly from their iPhone 6, iPhone 6 Plus and Apple Watch to make purchases.

“Working with Apple, we’re excited to bring Apple Pay to tens of millions of Capital One customers,” Frank LaPrade, the chief enterprise services officer at Capital One, said. “We are laser-focused on the evolution of digital products and services. Our goal is to provide our customers with payment options that help them succeed and simplify their lives.”

The technology works by holding the Apple device near a contactless reader with their finger on Touch ID, an identification verification system required to make purchases with Apple devices. The service will also allow customers to pay for in-app purchases online.

Apple Pay will become available for U.S. consumers as a free update to iOS 8.

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