TD Bank Aiming to Launch Apple Pay Support in Mid-December
TD Bank appears to be aiming for a mid-December launch of Apple Pay support, according to a source reportedly in position to know about the bank's plans. The U.S. subsidiary of the Canadian bank is said to be currently training employees for the impending release of both Apple Pay support and Visa tokenization. Training will end late next week in time for a launch of Apple Pay support targeted for around December 18.
TD Bank's credit card verification process sounds similar to many other banks supporting Apple's new electronic payment system, with users adding the card to the Passbook app on their phones and then making a call to the bank for security confirmation.
Though TD has been very open about entering into an agreement with Apple for future support of Apple Pay, no concrete launch date has been given to customers yet. Though the new report seems believable, its source voices pragmatism, noting that plans are subject to change if unforeseen events arise in the lead-up to the launch.
While several of the largest banks in the U.S. included support for Apple Pay from the service's October 20 launch date, Apple has said it has an additional 500 banks signed on for the service and working to rollout support. A handful of banks have added support for Apple Pay since the initial launch, but TD Bank would be one of the largest to launch support since a second wave of major banks early last month.
Popular Stories
Apple today released several open source large language models (LLMs) that are designed to run on-device rather than through cloud servers. Called OpenELM (Open-source Efficient Language Models), the LLMs are available on the Hugging Face Hub, a community for sharing AI code. As outlined in a white paper [PDF], there are eight total OpenELM models, four of which were pre-trained using the...
Apple is set to unveil iOS 18 during its WWDC keynote on June 10, so the software update is a little over six weeks away from being announced. Below, we recap rumored features and changes planned for the iPhone with iOS 18. iOS 18 will reportedly be the "biggest" update in the iPhone's history, with new ChatGPT-inspired generative AI features, a more customizable Home Screen, and much more....
Apple has announced it will be holding a special event on Tuesday, May 7 at 7 a.m. Pacific Time (10 a.m. Eastern Time), with a live stream to be available on Apple.com and on YouTube as usual. The event invitation has a tagline of "Let Loose" and shows an artistic render of an Apple Pencil, suggesting that iPads will be a focus of the event. Subscribe to the MacRumors YouTube channel for more ...
Apple has dropped the number of Vision Pro units that it plans to ship in 2024, going from an expected 700 to 800k units to just 400k to 450k units, according to Apple analyst Ming-Chi Kuo. Orders have been scaled back before the Vision Pro has launched in markets outside of the United States, which Kuo says is a sign that demand in the U.S. has "fallen sharply beyond expectations." As a...
Apple is finally planning a Calculator app for the iPad, over 14 years after launching the device, according to a source familiar with the matter. iPadOS 18 will include a built-in Calculator app for all iPad models that are compatible with the software update, which is expected to be unveiled during the opening keynote of Apple's annual developers conference WWDC on June 10. AppleInsider...
Best Buy is discounting a collection of M3 MacBook Pro computers today, this time focusing on the 14-inch version of the laptop. Every deal in this sale requires you to have a My Best Buy Plus or Total membership, although non-members can still get solid second-best prices on these MacBook Pro models. Note: MacRumors is an affiliate partner with Best Buy. When you click a link and make a...
Top Rated Comments
If they do it the other big four banks most likely will too which will account for most of the credit card market.
I asked my financial planner and he said that given the regulations in Canada and the ongoing plans of banks to introduce their own mobile payment systems, it's unlikely that ApplePay will come to Canada through banks as they have in the US.
However, there's hope because credit card companies can act on their own. They don't care if somebody carries plastic in their wallets or if they're virtually carrying it in their iPhone. They're happy as long as they're processing the payments.
MasterCard has its own NFC SIM card system with several banks so we might see VISA or AMEX get to it first. Initially, they'll introduce specific credit card products for ApplePay and when that proves popular, they'll extend it to the rest of their lineup and finally when banks' own systems fail, they'll get on board with VISA debit and subsequently with their own standard debit cards.
Alternatively, a smaller bank might see ApplePay as an opportunity to differentiate themselves like AT&T and Rogers did with the initial iPhone exclusivity and offer it first. Tangerine is owned by Scotiabank, otherwise they'd be the perfect candidate to use ApplePay to go up against the big banks.
lol @ 3.00
One ATM wanted to charge a total of $8.50. I punched it and left.
$3.00 non-customer fee @ my bank + $5.50 ATM fee.
I wonder how many people spent $28.50 to buy a slice of pizza and drink that costed $10.00 down the shore.
Indeed. I'd go so far as to consider switching to TD from Royal if they offered Apple Pay and Royal didn't.