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Successful Business eNewsletter


What is Apple Pay and How Does It Work?

Apple Pay is a new product which allows consumers to use their iPhone 6, Apple Watch, or iPad as a virtual wallet and make payments with a single touch of their fingerprint. It has and will continue to change how consumers pay with contactless payment technology and unique security features.

How it works:

  1. Consumer registers their card/ iPhone.
  2. Network returns token and cryptogram.
  3. Token and cryptogram are stored on the iPhone’s secure element (SE).
  4. Consumer initiates payment at NFC-enabled terminal.
  5. iPhone generates cryptogram to authenticate the transaction and user is prompted to authorize the payment through the touch ID biometric feature (fingerprint).
  6. Apple Pay sends the secure token to the applicable card network.
  7. Card network accesses their token vault and unpacks the token.
  8. Primary Account Number (PAN) is sent to the issuer to request authorization.
  9. Issuer sends authorization response back to the card network.
  10. Card network sends tokenized response back to the merchant.

What tokenization is and how it works with Apple Pay: ?

  • A token (also referred to as a Digital Account Number) is a stunt-double for the real account information. It can have many of the same characteristics of the real account information, but is just a stand-in and useless to criminals so that in the event of a merchant breach both cardholder and the merchant are protected.
  • Tokenization takes a consumer’s account information, pairs it with a randomly generated value (token), hides the real account data away in a secure token vault, and then sends back the token in place of the actual account data.

Questions? Contact your commercial banker at Hills Bank at 319-679-5500 for the Iowa City area, 319-654-8100 for the Cedar Rapids area, or toll free at 1-800-445-5725.

Source: Information from the Merchant eNewsletter by FIS Merchant Services


How can EMV Work in a Contactless Environment?

Europay, MasterCard, and Visa (EMV) are cards that can transmit payment information through contact and contactless interactions. A small silver chip on the card indicates it is an EMV card; the four blue lines in the upper right hand corner of the card show that the card is NFC (Near Field Communication) capable, allowing it to be used in a contactless transaction. Not all card networks have required these emblems on their cards at this time.

In addition to the chip on the card, a contactless EMV card contains an inductive antenna and an integrated circuit. When the card is brought within 2 inches of an NFC terminal, it communicates with the device and sends a cryptogram verifying that the card is legitimate. Whether the EMV card is swiped or just placed near the terminal, the same security measures are used to validate the customer is not using a counterfeit card.

Source: Information from Merchant eNewsletter from FIS Merchant Services       



The Greater Iowa City Area Home Builders Association Home Show

See thousands of home, remodeling, landscaping, and decorating ideas come to life at the 2015 Home Show. Plus, you can learn from local experts to gain advice for your home related projects.

Coralville Marriott Hotel & Conference Center
300 East 9th Street, Coralville

  • Friday, February 13: 5 - 8pm
  • Saturday, February 14: 10am - 5pm
  • Sunday, February 15: 10am - 4pm


Annual Cedar Rapids Home Show

Visitors to the show will be inspired by the latest products and services to build and improve their home and yard. The Cedar Rapids Home Show has thousands of ideas to help make your house a home!

Hawkeye Downs Expo Center
4400 6th Street SW, Cedar Rapids

  • Friday, February 27: 5 – 9pm
  • Saturday, February 28: 10am – 8pm
  • Sunday, March 1: Noon – 5pm



Hills Business Academy

Hills Bank invites you and your clients to attend the following educational seminars. Please join us and share this information with your clients:

Ag Outlook
March 11 at the Riverside Hotel and Casino & Golf Resort
RSVP for the Seminar by clicking the link above.

Managing the Closely Held Business
by Kyle Enger from Finagraph
May 5th and 6th
*16 hours of continuing education credit available for completion of this course.
RSVP for the Seminar by clicking the link above.



Ask the Expert

Q. What are Secure Access Codes for Hills Bank Online?

A. Hills Bank Online now features layers of security to help protect you from fraud. Learn more about Secure Access Codes on HillsHelps.com.

Have a question? Submit it to eNewsletter@HillsBank.com and it might be featured in an upcoming issue.

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