Merchants, Fibank clients, can now accept fast, convenient and secure payments with the Apple Pay mobile wallet via a virtual POS terminal.
The innovation in support of Bulgarian business and digitalization provides companies with significant flexibility, and customers with an improved online shopping experience.
The bank's POS network of virtual terminals will be automatically configured for Apple payments. It meets the highest standards of reliability and customer protection.
In 2019, Fibank became the first bank in Bulgaria to enable its customers to pay with Apple Wallet. The scope of the service includes both debit and credit card brands issued by the bank - Visa and Mastercard. When using a card with Apple Pay, the actual card numbers are not stored on the device or on Apple's servers. Each transaction is authorized with a token associated with the specific device, and payment is made with one click.
Accepting payments with Apple Pay brings additional advantages for merchants who have a virtual POS installed from First Investment Bank. Apple's encryption technology contributes to the security of transactions, fast and convenient payment, without suspicion of fraudulent pages. These benefits significantly increase customer satisfaction and their willingness to pay with online merchants.