Apple has already announced that its Apple Pay service will be available from this Monday. The company has already singed with 500 new banks to support the new service. And now, it’s been reported that American Express is prepping for its upcoming integration with Apple’s Apple Pay mobile and Internet payments solution.
Apple Pay service is basically Apple’s attempt at a mobile payment service of their own that will compete against the likes of Google Wallet and Softcard. However, in an email sent out to credit card holders on Friday, American Express announced integration with Apple Pay and 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.
It is expected that Apple Pay may usher in a new era in mobile payments system. On the other hand, 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.
Source: Apple Insider