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HSBC misses Apple Pay UK launch | HSBC misses Apple Pay UK launch |
(35 minutes later) | |
HSBC has announced that its customers will not be able to use the new Apple Pay system as it launches in the UK. | HSBC has announced that its customers will not be able to use the new Apple Pay system as it launches in the UK. |
The bank had been expected to be amongst the first to offer the system, which allows some iPhone users to pay by touching their phone or watch on contact pads. | The bank had been expected to be amongst the first to offer the system, which allows some iPhone users to pay by touching their phone or watch on contact pads. |
Instead HSBC said it was planning to launch the service by the end of July. | Instead HSBC said it was planning to launch the service by the end of July. |
Barclays - which has its own payment system - said it would be offering Apple Pay "in the future". | Barclays - which has its own payment system - said it would be offering Apple Pay "in the future". |
Five other banks, Bank of Scotland, Halifax, Lloyds, TSB and Marks and Spencer will launch in the autumn. | Five other banks, Bank of Scotland, Halifax, Lloyds, TSB and Marks and Spencer will launch in the autumn. |
HSBC denied that its decision not to participate at launch was last minute, saying that it had not planned to take part. | |
However, the bank was listed on the Apple website as a participant as late as Monday. | However, the bank was listed on the Apple website as a participant as late as Monday. |
An HSBC spokesperson told the BBC: "We are now working hard to bring this to our customers by the end of July." | An HSBC spokesperson told the BBC: "We are now working hard to bring this to our customers by the end of July." |
Customers of First Direct - an HSBC subsidiary - will also have to wait. | |
£20 limit | |
The Apple Pay system enables owners of iPhone 6, iPhone 6 plus and Apple watches to pay for goods and services by touching their device on a contactless payment pad. | The Apple Pay system enables owners of iPhone 6, iPhone 6 plus and Apple watches to pay for goods and services by touching their device on a contactless payment pad. |
Their identity is verified through their fingerprint. The system can also be used to make online purchases. | |
In most cases, payments are limited to £20, as with existing contactless debit cards. However this limit will be raised to £30 in September. | |
Some retailers have also negotiated a higher payment amount. | |
The following banks are offering Apple Pay from Tuesday: |