Forcht Bank customers can now add a Forcht Bank debit card to the Wallet App on their Apple iPhone®, iPad®, and Apple Watch™.
The Wallet App with Apple Pay™ offers an additional layer of security when shopping online or at participating retailers.
When someone adds a debit card to an Apple device through the Wallet App, the actual card numbers are not stored on the device or on Apple servers. The Device Account Number, along with a transaction-specific dynamic security code, is used to process the payment. The debit card numbers are never sent to merchants. To pay in stores that accept Apple Pay™, the customer just holds the Apple device near the card reader and waits for the terminal to process the payment using NFC (Near Field Communication).
“We continue to invest in technology to make banking with Forcht Bank more convenient and secure. You can see our commitment to technology by looking at what we’ve done over the last couple of years – online loan applications and account openings, person-to-person payments with mobile banking, mobile check deposit, and now Apple Pay™,” said Tucker Ballinger, Forcht Bank President and CEO.
In addition to the Apple Pay™ option, Forcht Bank recently began issuing EMV Chip Debit Cards to all its debit card customers. For customers who don’t own an Apple device, EMV Chip Debit Cards work in a similar fashion to protect the debit card number.
Forcht Bank (www.forchtbank.com) is a Kentucky-owned community bank with approximately $1 billion in assets and 30 banking centers in 12 counties – Fayette, Jefferson, Boone, Grant, Madison, Taylor, Pulaski, Laurel, Whitley, Knox, McCreary and Green.