ME & Heritage Bank customers can now use Apple Pay

author-avatar By on July 07, 2020
ME & Heritage Bank customers can now use Apple Pay

Image source: ME (supplied).

ME and Heritage Bank have today switched on Apple Pay, enabling customers to now make contactless payments with their smartphone.

The news is better late than never for ME and Heritage Bank customers, with the two banks following the more than 80, including all of the big four, in introducing the smartphone payment service. 

Westpac, the last of the big four to introduce Apple Pay, did so in late April. 

The introduction of Apple Pay from ME and Heritage Bank comes at a time when contactless payments continue to climb as a result of COVID-19

Read: Record number of digital wallet transactions made in March 2020

To use Apple Pay, customers can simply hold their iPhone or Apple Watch near a payment terminal once Apple Pay has been installed. To do this: 

  1. Open the Wallet app and tap + then sign in;
  2. Follow the prompts to add a new card;
  3. Verify yourself by the SMS or email with your code;

Then, customers can hold their phones to a terminal and place their finger on Touch ID to pay. 

This is available on the iPhone 6 or any later versions, as well as the Apple Watch Series 1 and later versions - any ME & Heritage Bank debit or credit card can be used. 

Need somewhere to store cash and earn interest? The table below features introductory savings accounts with some of the highest interest rates on the market.

Provider
Total
interest
rate p.a.
Intro
interest
rate p.a.
Intro
term
Base
interest
rate p.a.
 
Online Saver
1.55% 1.20% 4 months 0.35% Go to site
2.10% 2.10% 4 months 0.00% Go to site
2.20% 1.40% 4 months 0.80% More details
2.00% 1.45% 4 months 0.55% More details
2.00% 0.65% 4 months 1.35% More details

*Data accurate as at 04 August 2020. Rates based on a savings balance of $10,000. Sorted by total interest rate. Refer to providers' websites for bonus rate conditions. Note that the base rate will apply once the introductory term has passed.

“We’re pleased to announce that all new and existing ME cardholders can now use Apple Pay," ME Group Executive Customer Banking Craig Ralston said. 

"Customers have been asking for it, and we’re happy to be introducing it during a time when people are looking for an alternative to cash."

Heritage Bank CEO Peter Lock said COVID-19 has made it more important than ever to support customers to make contactless digital payments simply and safely.

“We are continuing to listen, learn and innovate and are absolutely thrilled to build on our goal of supporting our customers with great payment experiences through Apple Pay," Mr Lock said. 

ME Bank said Apple Pay is a safer, more secure and private way to pay. 

"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," ME said. 

"Apple Pay is accepted wherever contactless payments are accepted, in grocery stores, pharmacies, taxis, restaurants, coffee shops, retail stores, and many more places."

ME-apple-phone-colour

Source: ME Bank.

Do ME and Heritage Bank also allow Google and Samsung Pay? 

As well as Apple Pay, two other major digital wallet platforms are Google Pay and Samsung Pay

Samsung Pay isn’t quite as popular as the likes of Apple Pay and Google Pay, which have more than 80 and 70 banking partners each. Samsung Pay, by contrast, has just over 60 supported banks on its roster. 

With the introduction of Apple Pay, Heritage Bank now offers each of these digital wallets

ME currently only has Apple Pay. 


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author-avatar
William Jolly joined Savings.com.au as a Financial Journalist in 2018, after spending two years at financial research firm Canstar. In William's articles, you're likely to find complex financial topics and products broken down into everyday language. He is deeply passionate about improving the financial literacy of Australians and providing them with resources on how to save money in their everyday lives.

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