Apple Pay picks up 44 new banks and credit unions in the U.S.

With only a certain number of large money center banks in the U.S., Apple needs to turn to smaller regional banks and credit unions to build up the roster of financial institutions that support Apple Pay. The mobile payment system can eventually become a nice money tree for Apple, which reportedly takes .15% of the value of each credit card transaction that runs through Apple Pay.

Today, 44 new U.S. banks and credit unions have been added to the list of those stateside institutions that support Apple Pay. For those who might have forgotten, the feature is available on the Apple iPhone 6, Apple iPhone 6 Plus, Apple iPhone 6s, Apple iPhone 6s Plus and Apple iPhone SE. Used in conjunction with the Apple Watch, Apple Pay will work with the Apple iPhone 5, Apple iPhone 5s and Apple iPhone 5c.

The list of new banks and credit unions that support Apple Pay include:

• Acadia Federal Credit Union

• Bank7

• Catholic Vantage Financial Federal Credit Union

• Citizens BankCity State Bank

• Comenity Capital Bank

• Commercial Bank

• Commodore Perry Federal Credit Union

• Conservation Employees' Credit Union

• Crane Credit Union

• Element Federal Credit Union

• FNB New Mexico

• Health Care Family Credit Union

• Heritage Federal Credit Union

• Honor Credit Union

• IH Mississippi Valley Credit Union

• Indiana State University Federal Credit Union

• Integra First Federal Credit Union

• Jersey Shore State Bank

• Luzerne Bank

• Mabrey Bank

• Meadows Bank

• Mendo Lake Credit Union

• Meridia Community Credit Union

• Metro Federal Credit Union

• Pendleton Community Bank

• People First Federal Credit Union

• Peoples Bank (OH)

• Phoenixville Federal Bank & Trust

• Premier Bank (NE)

• Premier Bank Rochester

• Randolph Savings Bank

• Red Crown Credit Union

• Roanoke Valley Community Federal Credit Union

• Schneider Community Credit Union

• Stamford Federal Credit Union

• The Citizens Bank of Logan

• The County Federal Credit Union

• The Farmers National Bank of Canfield

• The Farmers State Bank

• The People's Federal Credit Union

• The PrivateBank

• Truxton Trust

• Wright-Patt Credit Union

As we told you yesterday, Apple Pay users who add their Bank of America debit card to their digital wallet will be able to withdraw money from certain Bank of America ATM machines. And if you're curious, besides the U.S., Apple Pay is currently offered in Australia, Canada, China, Singapore and the U.K.

source: AppleInsider