Google has
launched its contactless smartphone payment system, Android Pay in the UK, a year after
its US launch, to rival Samsung and Apple pay.
Android Pay supports MasterCard and Visa cards from eight banks (First
Direct, Halifax, HSBC, Lloyds Bank, M&S Bank, MBNA, Bank of Scotland and
Nationwide Building Society), allowing users to buy goods and services anywhere
with a contactless payment terminal.
The system requires the Android Pay app, a smartphone running
Android 4.4 KitKat or later and Near Field Communications (NFC). To pay for goods less than £30(N9,000), the smartphone simply
needs to be awake and tapped on to the contactless reader. For payments more
than £30(N9,000), the user needs to authenticate the payment by unlocking their
smartphone with either a pin, unlock pattern or fingerprint.
Just like its
rivals, Android pay uses tokenisation to secure payment information. The user’s
credit card information is never sent, and transactions are immediately
confirmed to aid in identification of suspicious activity if a user falls
victim to fraud.
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