Apple today released the first beta of iOS 12.3 for developers. As expected, the new edition includes code to support some of the new services and features announced during the "It's the Show" event on Monday, and we've discovered a look at how Apple's upcoming credit card will be activated.
One of the new services announced at the event was the new Apple card, a credit card designed by Apple for a healthier economic life. The card is integrated into the Wallet app and can be used anywhere Apple Pay is accepted, giving the user 2% cash back with Daily Cash.
Not all buyers accept Apple Pay, so Apple also introduces a physical version of the Apple card. It is made of titanium and displays only the user's name, the Apple logo, and contains the chip for use with traditional POS devices.
Physical credit cards usually arrive locked, some require the user to use an app to unlock the card, others require the card owner to call the bank to unlock it. Since Apple Card only has one user's name on it, no CVV or a number, Apple has designed a whole new way to unlock the card.
To unlock the Apple Card, users will be prompted to place it next to their iPhone, which will then display a user interface similar to that used to pair AirPods, HomePod, and other devices. A simple keystroke will then make the process of activating the card with the user's account.
This activation process is clearly not finished yet, but it can be expected, as this is the first beta version of it. Another fact we learned from this first beta is that the Apple card, like many Apple products and projects, has a code name. The Apple Card project is called internally "Broadway".
Here is a video showing the process happening on iOS 1
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