Apple Pay recruits new card issuers in US, Canada, Russia & Japan
Apple has updated its roster of Apple Pay card issuers with dozens of new entries, mostly in the U.S., but also some in Canada, Russia, and Japan.
Most of the new U.S. entries are regional banks and credit unions, reflecting the fact that most national firms were onboard within a year of Apple Pay's Oct. 2014 launch. The one exception in this instance is a carrier service, T-Mobile Money.
Japanese shoppers can now use UCS cards, and added Canadian institutions include Affinity Credit Union, Collabria Financial Services, Conexus Credit Union, and Envision Financial, the last a part of First West Credit Union.
In Russia, new options include Home Credit Bank, National Standard Bank, both Visa and Mastercard at Chelyabinvestbank, and Visa cards at the Ural Bank for Reconstruction and Development.
The full list of U.S. additions is below:
Most of the new U.S. entries are regional banks and credit unions, reflecting the fact that most national firms were onboard within a year of Apple Pay's Oct. 2014 launch. The one exception in this instance is a carrier service, T-Mobile Money.
Japanese shoppers can now use UCS cards, and added Canadian institutions include Affinity Credit Union, Collabria Financial Services, Conexus Credit Union, and Envision Financial, the last a part of First West Credit Union.
In Russia, new options include Home Credit Bank, National Standard Bank, both Visa and Mastercard at Chelyabinvestbank, and Visa cards at the Ural Bank for Reconstruction and Development.
The full list of U.S. additions is below:
- Century Bank of Georgia
- Fairfield Federal Savings and Loan
- Farmers & Merchants Bank of Ashland
- Farmers State Bank of Alto Pass
- First State Bank of the Southeast
- HNB Bank
- Interaudi Bank
- Kohler Credit Union
- New Horizons Credit Union
- Optum Bank
- Pantex Federal Credit Union
- Peoples Bank & Trust Company
- Pioneer Trust Bank, N.A.
- Professional Bank
- Security Credit Union
- South Story Bank & Trust
- T-Mobile Money
- Texoma Community Credit Union
- Time Federal Savings Bank
- TVA Community Credit Union
- Washington Federal
Comments
If I think about it, the answer is probably a pretty big number because of online transactions. And maybe that's the key. Perhaps we (I) are focusing too much on face-to-face, brick-and-mortar ApplePay transactions when less and less commercial transactions take place that way. But if the same companies dominate ecommerce then the original point remains: Apple, do whatever it takes to develop marke tshare for ApplePay. This is one area where market share matters since it directly affects the value of the service itself.
Our banks are very slow adopters, it took 18 months just to get Apple Pay. They're either too greedy, lazy or just plain stupid to realize that the added fraud security benefit on larger purchases should outweigh whatever additional small fee required.
There may be limits on one’s personal banking/credit card accounts.
FYI: here are the user details from my local credit union (I have a VISA, and my ATM card on my iPhone 7).
Note: this link is for informational purposes, and does not imply any endorsement by me.
https://www.coastcapitalsavings.com/viewport/mobile/Help/WaysToBank/ApplePay/
Edit :
Well unfortunately you also have the same restriction, in the FAQ at the bottom :
You're lucky enough to have some forward thinking merchants that don't limit themselves to this silly restriction. I wonder if the US or others have this annoyance too.
Q: What are my transaction limits?
A: For POS terminals in stores, the transaction limit is $100 per debit and credit purchase. The amount may vary depending on the merchant.