22 more banks and credit unions now support Apple Pay

22 more banks and credit unions now support Apple Pay
Apple announced today that its mobile payment service Apple Pay has added 22 new banks and credit unions to the list of financial institutions that support the service. This comes after 26 new banks and credit unions were added to the rolls on February 7th. Besides the domestic expansion into more financial institutions, the tech giant continues to rollout the payment service to more countries. In the beginning of the month, Apple CEO Tim Cook said during a conference call that Brazil will be getting Apple Pay sometime in 2018.

Half of the retail stores in the U.S. now support Apple Pay, according to Apple Pay Vice President Jennifer Bailey. But that figure is well below the percentage of retailers who can use rival Samsung Pay. The latter requires that retailer POS stations be equipped with NFC, as does Apple Pay. But Samsung also uses Magnetic Secure Transmission (MST), which allows any retailer who swipes a credit card at checkout to accept Samsung's mobile payment service.

The 22 new banks now working with Apple Pay include:

  • Bayer Heritage Federal Credit Union
  • Central Sunbelt Federal Credit Union
  • Cornerstone Community Financial Credit Union
  • First National Bank in Fairfield
  • First National Bank of Muscatine
  • First Southwest Bank
  • Franklin-Somerset Federal Credit Union
  • Gas & Electric Credit Union
  • Houston Highway Credit Union
  • Lincoln Maine Federal Credit Union
  • Linn-Co Federal Credit Union
  • MED5 Federal Credit Union
  • On Tap Credit Union
  • Pennsville National Bank
  • Salisbury Bank and Trust
  • School Systems FCU
  • Shelby Savings Bank
  • Shoreline Credit Union
  • Taunton Federal Credit Union
  • The Colorado Bank & Trust Company of La Junta
  • Triad Bank
  • UNO FCU

Apple keeps .15% of the value of each credit card transaction that uses Apple Pay; therefore, as more banks and credit unions support the service, more money gets added to Apple's coffers.


source: Apple

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5 Comments

1. ph00ny

Posts: 2066; Member since: May 26, 2011

It's hilarious to see these added banks notices in the first place but seems to be showing Apple pay announcements only

4. RebelwithoutaClue unregistered

Nope they are showing Android pay announcements on a regular basis as well. https://www.phonearena.com/news/Android-Pay-goes-live-for-80-additional-banks-and-credit-unions-in-the-US_id101757

5. ph00ny

Posts: 2066; Member since: May 26, 2011

I've seen more Apple Pay announcements on regular basis then Android Pay or Samsung Pay and i know for a fact they've been announcing more bank added more frequently

2. therealestmc

Posts: 679; Member since: Jul 23, 2012

Google needs to catch up. Especially when it comes to other country roll out.

3. RebelwithoutaClue unregistered

So what countries do support Apple pay but not Google pay?

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