Come Monday, not only will Apple be rolling out iOS 8.1 to the masses, but they will also be taking Apple Pay and turning the service on. The feature, for those who are hearing about this for the first time, is Apple’s attempt at a mobile payment service of their own that will compete against the likes of Google Wallet and Softcard.
However could Apple Pay usher in a new era where mobile payments become the next big thing? Well some financial institutions seem to think so. In an email American Express sent out to its customers, the credit card company has provided instructions on how to setup American Express with Apple Pay.
According to the email, it has been suggested that Passbook will come preloaded with credit cards associated with the user’s iTunes account, but they will need to enter their security code in order to verify that they are indeed the owner of said credit card. American Express also notes that users will have real-time access to their account details through Apple Pay.
This will apply to purchases made with the physical card itself, so that way your purchases will sync to prevent any discrepancies. American Express will also be updating their Amex Mobile iOS app with new features to help better monitor activity, access their rewards and offers, and to request service.
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