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Apple updated its Apple Pay participating issuers list today with 35 additional banks, credit unions and financial institutions supporting the contactless payment service in the United States. Apple Pay now has close to 300 participating issuers nationwide, and several hundred more plan to support the NFC-based mobile payment service in the future.
The full list of new Apple Pay participating issuers is reflected below, although it's worth noting that some banks, credit unions and financial institutions listed may have already had support for the contactless payments service and are only now being reflected on Apple's website.
The full list of new Apple Pay participating issuers:
- 1st Financial Federal Credit Union
- Affinity Bank
- Bank of Springfield
- Berkshire Bank
- Box Elder Credit Union
- C&F Bank
- Capitol Federal Savings
- Christian Community Credit Union
- Community First Credit Union of Florida
- Credit Union of Denver
- Denver Community Credit Union
- Education First Credit Union
- Educators Credit Union
- Financial Partners Credit Union
- First City Credit Union
- First Premier Bank
- Freedom Credit Union
- NASA Federal Credit Union
- Numerica Credit Union
- PremierOne Credit Union
- Purdue Federal Credit Union
- Rivermark Community Credit Union
- San Francisco Federal Credit Union
- Simmons First National Bank
- Summit Credit Union
- Synchrony Bank
- The Citizen Bank of Clovis
- UMe Federal Credit Union
- University Federal Credit Union
- Utah Power Credit Union
- Valor Credit Union
- Vermont Federal Credit Union
- WSECU
- WECU (Whatcom Educational Credit Union)
Apple Pay remains available in the United States only, although Apple is committed to an international rollout of the mobile payments service in additional countries such as Canada, China and the United Kingdom. Canada, a well-prepared candidate for Apple Pay, could be the first country to embrace the service outside of the United States as early as November.
Top Rated Comments
This is all a little academic....It doesn't matter how many banks etc allow Apple pay what matters is how many retailers accept Apple pay and although there are a number doing so it is only a very small number. That is really what needs to be expanded.
With all the cash reserves Apple has they should be out there giving away NFC readers etc.... IMHO of course.
Xerxers
Holy crap they added Vermont Federal Credit Union!
Seriously though, at this point it's more important that retailers get on board.
I came here to say the same thing. We need retailers more than issuers at this point. I have seen a small uptake on retailers, even a taxi accepted it the other day. But we really have a long way to go on the retail side. And then overseas.
Seriously though, at this point it's more important that retailers get on board.
Without banks how do you convince retailers to adopt NFC readers in store? Banks are easier to convince because they value the better security with biometrics, higher volume of transactions and in general a new way to get customers to pay using their accounts. Retailers have to install hardware (if they haven't already) and have less incentive to do so because they don't need it as much. BUT if you go to them saying we have all the banks on board and our customers have their cards on their phones and this will be quicker than using credit cards then you stand a much better chance of convincing them.
Apple could have every financial institution in the world on Apple Pay, it doesn't mean anything if the only place that accepts Apple Pay for 20 miles is a Walgreens.This is a false dilemma (http://en.wikipedia.org/wiki/False_dilemma). Apple needs both retailers and issuers. More issuers gives incentive for faster retail adoption. And more retailers gives incentive for faster issuer adoption.
I think you are reading way to much into my comments. What I am saying is based on the fact that the issuers already on-board with Apple Pay have somewhere around 95% of all CC transactions now able to be done through Apple Pay. However we do not have 95% of the Point-of-Sales (POS) able or willing to accept Apple Pay. We need more POS acceptance as we already have issuer saturation. Anything else you think I said is strickly in your head. :DThere are certainly teams working on adoption in both arenas. Working simultaneously on both fronts makes huge sense. If there is a claim that the resources dedicated to issuer adoption is undermining resource allocation to retailer adoption, then please provide your evidence.
I came here to say the same thing. We need retailers more than issuers at this point. I have seen a small uptake on retailers, even a taxi accepted it the other day. But we really have a long way to go on the retail side. And then overseas.
This is a false dilemma (http://en.wikipedia.org/wiki/False_dilemma). Apple needs both retailers and issuers. More issuers gives incentive for faster retail adoption. And more retailers gives incentive for faster issuer adoption.
There are certainly teams working on adoption in both arenas. Working simultaneously on both fronts makes huge sense. If there is a claim that the resources dedicated to issuer adoption is undermining resource allocation to retailer adoption, then please provide your evidence.