Converse Bank Brings Apple Pay to Customers

A safer, more secure and private way to pay with iPhone and Apple Watch

Yerevan, January 18, 2022 — Conversebank, today brings its customers Apple Pay, a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash — and uses the power of iPhone to protect every transaction.

Customers simply hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code. Apple Pay is accepted in grocery stores, pharmacies, taxis, restaurants, coffee shops, retail stores, and many more places.

Customers can also use Apple Pay on iPhone, iPad, and Mac to make faster and more convenient purchases in apps or on the web in Safari without having to create accounts or repeatedly type in shipping and billing information. Apple Pay makes it easier to pay for food and grocery deliveries, online shopping, transportation, and parking, among other things. Apple Pay can also be used to make payments in apps on Apple Watch.

Security and privacy are at the core of Apple Pay. When customers 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, an industry-standard, certified chip designed to store the payment information safely on the device.

Apple Pay is easy to set up. On iPhone, simply open the Wallet app, tap +, and follow the steps to add Conversebank’s credit or debit cards. Once a customer adds a card to iPhone, Apple Watch, iPad, and Mac, they can start using Apple Pay on that device right away. Customers will continue to receive all of the rewards and benefits offered by Banks’s cards.

 The card can also be added in the Wallet by clicking the “Add to Apple Wallet” button in the Converse Bank Mobile application and following the instructions.

For more information on Apple Pay, visit: http://www.apple.com/apple-pay/ 

For more information on Conversebank, please visit https://www.conversebank.am/en/

Converse Bank is one of the dynamically developing banks in Armenia. As of 01.10.2021 total capital of the Bank amounted to AMD 49 billion, assets – AMD 369.4 billion, loan portfolio - AMD 225 billion and the amounts due to customers (including issued corporate bonds) totaled AMD 268.7 billion. 

Converse Bank CJSC is supervised by the CBA.