35 more card-issuing financial institutions in the U.S. become Apple Pay partners
posted by Alan F. / Jul 23, 2015, 2:01 PM
With the new banks, credit unions and other financial institutions added to the list, Apple Pay now works with 375 card issuing companies in the U.S. Apple Pay is now accepted by 750,000 locations in both the U.S. and U.K. Apple Pay was launched in the United Kingdom earlier this month, with Canada and China expected to be next. Canadian retailers have been upgrading to NFC enabled terminals that are necessary to support Apple Pay. In China, Apple has had problems negotiating a deal with some of the banks in the country, with many of them complaining that Apple's take from the service is too high.
The new card issuers that have partnered with Apple for Apple Pay include: 1st Source Bank, Allegacy Federal Credit Union, Amarillo National Bank, American National Bank and Trust, Cambridge Trust Bank, CASE Credit Union, CME FCU, Coast Line Credit Union, Columbia Bank, Community Financial Credit Union, Eagle Federal Credit Union, Earlham Savings Bank, Eastern Bank, Evergreen Credit Union, Fidelity Bank,
Federal Savings Bank, First Financial Bank, First National Bank and Trust, First National Bank of Omaha, FNB Community Bank, Heritage Family Federal Credit Union, Meritrust Credit Union, NuMark Credit Union, Pittsford Federal Credit Union, Premier Federal Credit Union, Quail Creek Bank, Reliabank Dakota, Reliant Federal Credit Union, Renesant Bank, SESLOC Federal Credit Union, Stanford FCU, The Summit Federal Credit Union, Umpqua Bank, VisionBank and Y-12 Federal Credit Union.
source: ApplePay via MacRumors
I like how samsung leapfrogged apple pay by also including swipe card reader (or w/e) that made it usable in more places. But at the rate Apple Pay is expending, I dont think that would be necessary. Which is nice because tokenised transaction is the more secure one than a credit card swipe - which is the reason I'm eager to move toward Apple Pay, vs Samsung's inclusion of credit card mag-stripe equivalent which is a bit of a move backwards for the sake of versatility... but to each his own, I guess... All I'm waiting for is Home Depot - and I'm set!
posted on Jul 23, 2015, 2:38 PM 0
Posts: 2236; Member since: Jun 14, 2013
Yes, and that advantage will disappear as Chip and Pin replaces the stripe readers.
posted on Jul 23, 2015, 2:52 PM 1
Posts: 14967; Member since: Sep 25, 2013
First off, mag-strip readers arent going to disappear right away. Even the chip readers still allow swipes. Credit cards will always have swipe as a backup in the event the chip gets damaged. NFC isnt goign to replace mag-strip and neither is the chip right away. Here si the problem. SO MANY BANKS. There are so many banks, they all can't get chips inserted into to cards right away because other banks are already moving to this. So it takes time for it to get around. Swiping is faster. I dont like putting my card into the chip reader, it actually takes longer because you have to wait for the read. When I went to target the chip reader took more than 60 secs, when I can swipe in less than a sec. Its also going to take time for banks to get new cards to their customers. 90% of retailers in the word use mag-strip. With that much marketshare, how fast do you think its going to disappear. It took more than 60 years for Sears to finally die. You need to consider than when a technology has such a mass market, even when better alternative appears, it takes time for those alternative to gain ground. The fact is, for the next 5 years at least, mag-strip will still be the most used for of credit card acceptance so thus phone mae with mag-strip transmitters will be used most. It really doent matter how many retailers and banks use Apple Pay because Apple Pay requires NFC and Android phones already have NFC so anywhere Apple Pay is, my device already works, and places where Apple Pay isn't MagStrip will work.
posted on Jul 23, 2015, 3:35 PM 1
Posts: 17133; Member since: Jun 17, 2009
As far as I know Samsung Pay also employs tokenization. We know the secure element in from Infineon, so it's hardware based security. All in all, I think both will be equally secure.
posted on Jul 23, 2015, 3:54 PM 0
The reason why I mentioned Samsung pay in contrast was because I was a bit jealous of the mag stripe feature of Samsung pay because it will allow a much more diverse use of their "pay" feature vs "Apple pay". But merchants and banks adding Apple pay support at this pase puts my concerns to rest.
posted on Jul 23, 2015, 6:41 PM 0
Posts: 1904; Member since: Mar 25, 2014
Well it is good for those that use apple pay that more sign up, though from at least what I understand Apple pay does add additional expenses, if nothing else then to upgrade the machines to accept apple's functionality, while major chains might not have an issue with this, I can easily see a lot of 'normal' shops seeing absolutely no reason to. Though I suppose if Apple can keep its popularity going it might erode that away, but even so, Samsung Pay is just as flexible and secure as Apple Pay, but has legacy support. People should get the product they want, and not simply because of marketing, and marketing is where Apple is absolutely the strongest. But people overlooking or forgetting things with better features then Apple's products, because of Apple's marketing just hits me wrong :( Though I can't blame Apple for it being effective, it just seems absurd to me :(
posted on Jul 23, 2015, 7:09 PM 0
I try latest android phones every time I upgrade, there's a reason why many choose iOS. A few extra features on android cannot sway me from how great iOS ecosystem is and how iOS functions overall with Siri, integration, and features yet to be found on android. But that's just me and another half a billion people at least. Don't knock it if you prefer changing icons and fonts over different approach to a traditional OS template.
posted on Jul 23, 2015, 7:49 PM 0
Posts: 1904; Member since: Mar 25, 2014
Oh I totally get people enjoy their Apple products and that's fine, but see people keep mentioning the 'feel' of iOS ecosystem, how it functions and such, and that's all well and good, but it tells me absolutely nothing. If I take any android phone, plug it into my computer, any computer, even mac's I get it as a file drive and I can put stuff onto it without having to worry about anything else? plug in, transfer done. That seems like superior integration to me? On iOS I need itunes to do the same? why? some say "security" and that's all fine to say, but if people get ahold of your phone, android or iOS said any security they have does next to nothing? I can freely chose the stuff I want and use most, set it up so it is easily accessible? on my homescreen, whatever I want can be there? that seems like a smart and very user friendly thing to me? On siri: I understand it is nice to have, but, maybe because English isn't my native language it seems very hit and miss when I have tried, course speech recognition is steadily improving like with cortana on windows 10 and such, so who knows. But yeah, so what exactly do you mean when you say integration and features?
posted on Jul 24, 2015, 9:18 PM 0
"when you plug an android phone into computer, you get a file drive" - with iOS no need to plug into any computer. All files are synced via cloud without the need of iTunes installed. There are hundreds of apps that allow you a flexible file sharing (ANY FILE, ANY FORMAT) if thats what you need - but all you need to do is send it to your phone - no plugging in required. I dont need this as I dont use my phone as a storage device, but I understand why some do. Also, all apps creativity or media consumption that have files associated in iOS have pretty much any cloud integration including Google's and others - which allows you to drag and drop without plugging in your phone from any PC any file... There are many aspects of integration to talk about, but my most used is how Siri is integraded within the iOS and outside of it. I can use Siri to control lighting and environmental controls at my home as well as using Siri to do 85% of functions from lock screen. All I gotta do is hit the home button (or say "hey Siri") and say " find my daughter" and she will pinpoint her location on the map. Then I can say "notify me when she leaves or comes home" - Done! and then I can say "make a reservation for 2 at firehouse at 7:00" if you have the opentable enabled - she'll do that. Hit the home button "tell my wife we're going out at 6:00" done! My day is pretty much run via apps on my phone and Siri at the helm... English is also my second language, but Siri understand a HUGE amount of other languages and is as able for all the functions as the English one without compromise - and she's very accurate with my native language - including dictation for texts, notes, etc... Other means of integration is the way my carplay works on my 30 year old porsche - the system knows its me driving, brings up my contacts, places, music, apps etc... if it was you driving - carplay will bring up your contacts, places, music, etc... iCloud Control Center for windows is a great way to integrade your iOS devices with windows PC.. And ofcourse the most favorite for all - when iOS devices are fully integraded with your oother iOS or Mac - to the point that I can write a half of a note on one device, pick up another and continue... take photo on one device and pick up another and edit it there - without the need to sync or iTunes... I do like iTunes as it integrates my entire media consortum of files on PC with my iOS and cloud services - it's like a special software to keep you from constantly drag and dropping files back and forth - what ever you do on PC = what you see on other iOS devices. Everything above can be set up automatic and you never have to drag and drop another file ever again (or hook up your device to a computer)...
posted on Jul 25, 2015, 1:09 AM 0
Posts: 1904; Member since: Mar 25, 2014
I want to point out that this was an example of interconnecting, not related to online storage, online storage mind you that is available on more or less all devices not just iOS. And all the other things mentioned are possible with android as well. and Syncing as mentioned last is available as well., easily so. And that is my point, objectively there is very little difference between iOS and Android in terms of features, though I would say Android has more and is more flexible in terms of true multitasking and such. The main difference comes down to marketing and how apple makes you feel when you own one of their products? I don't know, just seems off to me, but that's how we all are different.
posted on Jul 25, 2015, 7:12 PM 0
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