Apple Pay adds support for 27 US banks and credit unions
Continuing a rapid buildout of Apple Pay services, Apple this week announced a new batch of 27 U.S. banks and credit unions as participating card issuers.
The recent additions come after an August that saw 60 financial institutions appended to Apple's running list of supporting card issuers.
Added to Apple's list:
Last month was unusually active for Apple's payments services arm. In early August, Apple Pay gained compatibility with Canadian vending machines and 23 U.S. banks and credit unions. A week later Chick-fil-A announced plans to roll out support at its registers.
August also brought word of new international partnerships, with users in Hong Kong granted access to two financial institutions, while support for three services rolled out in the UK.
After a domestic launch in 2014, Apple Pay has since grown to cover markets in Australia, Canada, China, France, Hong Kong, Singapore, Switzerland and the U.K.
Most recently, a report earlier today claims Apple is looking to deliver Apple Pay to Japanese customers via the FeliCa standard, though ongoing negotiations with retailers, banks and payments processors will likely delay launch until next year.
The recent additions come after an August that saw 60 financial institutions appended to Apple's running list of supporting card issuers.
Added to Apple's list:
- Allegiance Credit Union
- Anchor D Bank
- Bank of the West
- Bay Atlantic Federal Credit Union
- BayCoast Bank
- Beacon Credit Union
- BNC National Bank
- Citizen's Bank of Hickman
- Coastway Community Bank
- Community West Credit Union
- CrossFirst Bank
- Erie Federal Credit Union
- First Farmers
- First National Bank of Aspermont
- First New York Federal Credit Union
- Glendale Federal Credit Union
- JD Bank
- Lafayette Community Bank
- McClain Bank
- Midland National Bank
- Moven
- Palmetto Health Credit Union
- Patterson State Bank
- Pioneer Bank FSB
- Southern Mass Credit Union
- TAPCO Credit Union
- United Community Bank (LA)
Last month was unusually active for Apple's payments services arm. In early August, Apple Pay gained compatibility with Canadian vending machines and 23 U.S. banks and credit unions. A week later Chick-fil-A announced plans to roll out support at its registers.
August also brought word of new international partnerships, with users in Hong Kong granted access to two financial institutions, while support for three services rolled out in the UK.
After a domestic launch in 2014, Apple Pay has since grown to cover markets in Australia, Canada, China, France, Hong Kong, Singapore, Switzerland and the U.K.
Most recently, a report earlier today claims Apple is looking to deliver Apple Pay to Japanese customers via the FeliCa standard, though ongoing negotiations with retailers, banks and payments processors will likely delay launch until next year.
Comments
As for business adoption, isn't part of the challenge that many still don't have upgraded hardware? Isn't the deadline for having supported hardware next month (October)? If so, that should mean far greater adoption in the months to come, just in time for the new and improved iPhone and Apple Watch [devices].
I must be lucky, lots of small businesses here have newer Verifone terminals which do NFC.
It's not quite irrelevant. Banks and credit users will, over the long term, drive vendors to adoption. It will take a while, for a variety of reasons. Large vendors might want to implement their own product, and small vendors won't want to upgrade the equipment needed until absolutely necessary. Somewhat ironically, ultra-small vendors, such as those already using Square or other phone/tablet solutions, might be quicker to adopt, as in some cases it's a less expensive upgrade than a cash register scanner.
Also, is there a way to tell if a successful NFC transaction is, in fact, using Apple Pay?