Apple Pay adds 40+ banks, credit unions in latest expansion [updated]
Apple Pay has today gained support from more than 40 new banks and credit unions in the U.S., inching the total of participating nationwide card issuers closer to 2,000. While Apple initially listed Santander among those banks, it was later apparently removed, with the bank indicating that support is coming this spring [updated].
The news comes less than two weeks after the last expansion, which saw 27 new banking facilities added to the list of institutions that support the mobile payment platform. To date, around 1,800 banks and institutions in America support Apple Pay.
Update: Santander Bank, a major international player in finance, was added to Apple's list, but the company apparently removed mention of Santander in a subsequent update to the page. For its part, Santander has told customers via social media that it expects to support Apple Pay this spring.
The following 42 banks and credit unions were added as official Apple Pay supporters on Wednesday:
In December, it was revealed by Apple Pay chief Jennifer Bailey that 35 percent of all U.S. retailers now accept the tap-to-pay. She expects Apple Pay will be available in two out of every three stores by the end of 2017, as large chains like Gap introduce compatibility.
As well as expanding in the United States, Apple Pay is regularly updated with support for banks in other countries where it is operational, including Australia, China, Singapore and the U.K.
Recent launches in Japan and Spain also see the firm strengthening its lead in the mobile payment market by launching in additional regions in a relatively timely manner. At present, it's available in a total of 13 countries, with an expansion to Taiwan expected to happen soon.
The news comes less than two weeks after the last expansion, which saw 27 new banking facilities added to the list of institutions that support the mobile payment platform. To date, around 1,800 banks and institutions in America support Apple Pay.
Update: Santander Bank, a major international player in finance, was added to Apple's list, but the company apparently removed mention of Santander in a subsequent update to the page. For its part, Santander has told customers via social media that it expects to support Apple Pay this spring.
The following 42 banks and credit unions were added as official Apple Pay supporters on Wednesday:
- America First Credit Union
- American Bank & Trust Company
- Ascentra Credit Union
- Associated School Employees Credit Union
- Banc of California
- Beaver Valley Federal Credit Union
- Bofl Federal Bank
- Carolina Federal Credit Union
- Central Bank (AR)
- Central Maine Credit Union
- Citizens State Bank of New Castle
- Direct Federal Credit Union
- East Boston Savings Bank
- FBT Bank
- First Exchange Bank
- First Mid-Illinois Bank & Trust
- First National Bank & Trust Company of Weatherford
- First Northern Bank of Wyoming
- FNB Bank
- Freedom First
- Gateway State Bank
- Gulf Coast Community Federal Credit Union
- Hanmi Bank
- Kinderhook Bank
- NCPD Federal Credit Union
- New York Community Bank
- Northland Area Federal Credit Union
- Olympia Federal Savings
- South Atlantic Bank
- Southern First Bank
- Texana Bank
- True Sky Credit Union
- TrustBank
- Two Rivers Bank (IA)
- Two Rivers Bank (NE)
- UBI Federal Credit Union
- United American Bank
- Valwood Park Federal Credit Union
- Washington Area Teachers Federal Credit Union
- WashingtonFirst Bank
- WesBanco Bank
- Western States Bank
In December, it was revealed by Apple Pay chief Jennifer Bailey that 35 percent of all U.S. retailers now accept the tap-to-pay. She expects Apple Pay will be available in two out of every three stores by the end of 2017, as large chains like Gap introduce compatibility.
As well as expanding in the United States, Apple Pay is regularly updated with support for banks in other countries where it is operational, including Australia, China, Singapore and the U.K.
Recent launches in Japan and Spain also see the firm strengthening its lead in the mobile payment market by launching in additional regions in a relatively timely manner. At present, it's available in a total of 13 countries, with an expansion to Taiwan expected to happen soon.
Comments
Gas stations will be a huge driver of transaction volume. Earlier in-app solutions existed such as Exxon Speedpass+, but the Sunoco solution works as we all want: an NFC reader in the pump interacts directly with your iPhone, no app required.
A quick Google search mentioned only an app Elavon... but not much detail about when, where, how etc.
Great to hear about Costco though. (If true; I can find no confirmation)
This would make Tim Cook CEO of the year.