Transaction data that is stored is kept anonymous and recent purchase history is kept private, and stored only on your device and not on Apple servers. In addition, the information is not used by Apple, Google or merchants for marketing purposes.…

No, the password to access the phone is independent and in addition to the authentication required for Apple Pay. Cardholders must set up a pass-code, PIN, biometric identification, or other comparable authentication mechanism enabled by Apple to control access to the Apple Payment Platform on an Enabled Device.…

The consumer should report the device as lost, either by telephone or in person, and Apple may suspend or delete the Provisioned Card on an enabled device.…

Yes, when you remove a payment card from Apple Pay on your device, the token is also removed. If you remove your card from Apple Pay you will still be able to continue to make purchases with your physical credit or check card.…

No. Your credit and check card numbers are NOT transmitted to merchants, stored on your Apple device, or on Apple’s servers. Instead, a digital account number or “token” is passed on to merchants.…

When shopping in-store, hold the device in front of a contactless reader. The token information stored on the device is transmitted directly to that contactless reader.…

By using tokens, Apple Pay prevents your payment card information from being exposed when you shop. This reduces the risk of your payment data being stored or compromised, because only the token is passed on and your payment card information is never shared with the merchant. In addition, if your device is ever lost or stolen, you will not need to cancel your payment card, only the token, which can be quickly disabled and then reissued.…

Yes; at this time, the old token needs to be deleted and the new card will need to be provisioned in order to match the new card’s expiration date…