𝗔𝗽𝗽𝗹𝗲 𝗣𝗮𝘆 - 𝗘𝘅𝗽𝗹𝗮𝗶𝗻𝗲𝗱
𝗣𝗮𝗿𝘁(𝟭) will cover what happens when the payment card is added to the apple wallet.
The user will open the wallet and scan a card .
The iPhone will send the user and the card info to Apple Servers.
Apple Servers will allocate the customer's issuer bank using the BIN, and send the user info requesting a token.
The Issuer bank sends the 𝗣𝗔𝗡 to be tokenized by the Token Service Provider (TSP)
TSP will tokenize the 𝗣𝗔𝗡 and generate a Payment token and Token Key and send it back to the Issuer Bank
The Issuer Bank will generate the 𝗖𝗩𝗩 𝗸𝗲𝘆 and send the Payment Token + Token Key + CVV Key to Apple
Apple provisions the 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗧𝗼𝗸𝗲𝗻 + 𝗧𝗼𝗸𝗲𝗻 𝗞𝗲𝘆 + 𝗖𝗩𝗩 𝗞𝗲𝘆 to Apple onto the iPhone 𝐒𝐞𝐜𝐮𝐫𝐞 𝐄𝐥𝐞𝐦𝐞𝐧𝐭.
𝗪𝗵𝗮𝘁 𝗶𝘀 𝗔𝗽𝗽𝗹𝗲 𝗦𝗲𝗰𝘂𝗿𝗲 𝗘𝗹𝗲𝗺𝗲𝗻𝘁
Secure Elements is typically a chip ▩ that is by design protected from unauthorized access and used to run a limited set of applications, as well as store confidential and cryptographic data.
