Apple has teamed up with North American Bancard (NAB) for the launch of a new version of its PayAnywhere card reader, which will be available exclusively in Apple Stores and on Apple’s Website come September. This opens the door for people to use Apple Pay instead of cash at small businesses, local cafes and food trucks — the types of enterprises that face barriers to credit card and contactless payment systems. When you add a credit or debit card to Apple Pay, card numbers are not stored; rather a unique Device Account Number is assigned, encrypted and stored on your device. Transactions are authorized with…
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