Credit unions lead new round of 18 Apple Pay additions
Apple continues to forge forward in expanding card support for its fledgling Apple Pay service and on Tuesday added 18 new credit unions and banks to the list of participating issuers.
The latest round of Apple Pay additions, reflected in a Support Pages document updated today, appears to concentrate on support for credit unions, which accounted for 16 of the 18 newly listed institutions. Only two regional banks -- Bank of Hawaii and North Shore Bank -- joined the list of participating issuers.
Apple Pay's new additions include Affinity Plus Federal Credit Union, American Airlines Credit Union, Bank of Hawaii, Baxter Credit Union, CFE Federal Credit Union, Commonwealth Credit Union, Foothill Credit Union, Founders Federal Credit Union, IBM Southeast Employees' Federal Credit Union, Lister Hill Credit Union, North Shore Bank, PenFed Credit Union, Royal Credit Union, Schools First Federal Credit Union, Spokane Teachers Federal Credit Union, Telhio Credit Union, University First Federal Credit Union, West Community Credit Union.
Two weeks ago, Apple announced credit and debit card support for 20 new financial institutions, including Morgan Stanley, which offers credit cards to customers through American Express. Shortly after the update, North Shore Bank issued a press release noting that it, too, gained Apple Pay compatibility.
As of today, Apple Pay boasts support for over 100 banks and credit unions, while roughly 700 more institutions wait in the wings for authorization.
It appears that Apple's early success in the mobile payments sector has stoked competition from smartphone rivals. On Sunday, Samsung introduced its own solution dubbed Samsung Pay, while Google yesterday revealed a mobile payments API called Android Pay.
The latest round of Apple Pay additions, reflected in a Support Pages document updated today, appears to concentrate on support for credit unions, which accounted for 16 of the 18 newly listed institutions. Only two regional banks -- Bank of Hawaii and North Shore Bank -- joined the list of participating issuers.
Apple Pay's new additions include Affinity Plus Federal Credit Union, American Airlines Credit Union, Bank of Hawaii, Baxter Credit Union, CFE Federal Credit Union, Commonwealth Credit Union, Foothill Credit Union, Founders Federal Credit Union, IBM Southeast Employees' Federal Credit Union, Lister Hill Credit Union, North Shore Bank, PenFed Credit Union, Royal Credit Union, Schools First Federal Credit Union, Spokane Teachers Federal Credit Union, Telhio Credit Union, University First Federal Credit Union, West Community Credit Union.
Two weeks ago, Apple announced credit and debit card support for 20 new financial institutions, including Morgan Stanley, which offers credit cards to customers through American Express. Shortly after the update, North Shore Bank issued a press release noting that it, too, gained Apple Pay compatibility.
As of today, Apple Pay boasts support for over 100 banks and credit unions, while roughly 700 more institutions wait in the wings for authorization.
It appears that Apple's early success in the mobile payments sector has stoked competition from smartphone rivals. On Sunday, Samsung introduced its own solution dubbed Samsung Pay, while Google yesterday revealed a mobile payments API called Android Pay.
Comments
Doomed.
My CU just started offering Apple Pay, but it does not work with their Visa debit cards.
It's like it gets stuck in a loop of asking for my pin...
When I use the contact button in Passbook, my message comes back undeliverable.
Time to go to the bank.
Every time I see an article like this, I check, and I'm disappointed.
I'd run to Walgreens the first moment I could if they turned it on.
Still no Etrade, it would be nice so I can get a quick 100 for a hooker
$100 seriously?
If my credit union won't be in the list within 6 months, I'll dump it.
Wow, 18 more additions! Sensational news!
I think AI should also post a weekly update of;
/S
really?
I'm glad Apple continues to line up banks. But I'd like to see more retailers (yes, I know that in a lot of ways, that's a bit out of Apple's hands).
I routinely use ApplePay at Walgreens and Whole Foods (lunch hot-bar). And I've used it a Macys, Jewel, and few other places...
Pleeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeease come to Australia. Please.
Brings a whole new meaning to anonymous sex !
I have used mine at whole foods , chevron, Walgreens.
Are you sure I was under the impression eating at Macdonalds was a death sentence
I think he must be one of those cheap and nasty android owners?
According to JP Morgan Chase, there are a million active users of Apple Pay at present in the US. While it may not sound like much, that's allegedly more than any other mobile payment system. I don't recall the source, but ISTR an article that suggested that those who use it, use it about 6-7 times a week, and go out of their way to patronize businesses that support it.
Assuming that's true, that's 6-7 million transactions a week. Right now.
Currently (and this is just my own math here, feel free to denigrate it) I make out that Apple has covered about 80 percent of the card issuers. All the big players are on board, though not every card is supported yet. There's not much more to do before every substantive financial institution in the US supports Apple Pay on some level, and then there's the UK, Canada, France, Germany, Australia, and China allegedly next in line, supposedly in April.
Of course, not every iPhone 6 user is obligated to use Apple Pay, so they'll never get 100 percent, but seems to me they're doing pretty okay so far. As for your sarcasm, those 18 institutions adding the support mean a lot -- if you're a customer of one of those institutions, which certainly makes it newsworthy for them. Try getting out of your little bubble universe there every once in a while, kid.
chris_ca:
...
Lighten up Francis...
My post was made because AI does an article whenever there is even one new user of ApplePay.
chris_ca:
...
He did put a /s at the end so maybe you might want to walk back those comments a bit.