Apple has updated its Apple Pay participating issuers list with 58 additional banks, credit unions and financial institutions supporting the contactless payment service in the United States. Apple Pay now has over 900 participating issuers nationwide, and several more plan to support the NFC-based mobile payment service in the future.
The newly added Apple Pay participating issuers are 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:
- Air Academy Federal Credit Union
- Ballston Spa National Bank
- Bank of Commerce
- BNA Bank
- Capital Area Federal Credit Union
- Citizens National Bank
- Comenity Bank
- CommonWealth One Federal Credit Union
- Community Business Bank
- Community State Bank
- CoreFirst Bank & Trust
- Damascus Community Bank
- Denison Bank
- Diablo Valley Federal Credit Union
- Electrical Federal Credit Union
- Financial Center First Credit Union
- First State Bank of Arcadia
- Florence Savings Bank
- "FNB Bank, N.A."
- Fox Communities Credit Union
- Franklin Synergy Bank
- Fulton Bank of New Jersey
- "Fulton Bank, N.A."
- Hercules Credit Union
- HFS Federal Credit Union
- Iberville Bank
- Inspirus Credit Union
- Isabella Community Credit Union
- Lafayette Ambassador Bank
- Landmark Bank
- Latino Community Credit Union
- Linn Area Credit Union
- Machias Savings Bank
- Maps Credit Union
- McCoy Federal Credit Union
- Mercantile Bank
- Nicolet National Bank
- Ontario-Montclair School Employees Federal Credit Union
- Pacific Marine Credit Union
- Palmetto Citizens Federal Credit Union
- Pen Air Federal Credit Union
- Platinum Bank
- Red Rocks Credit Union
- Rockland Trust
- Saginaw Medical Federal Credit Union
- Simmons Bank
- Swineford National Bank
- Texas Bank and Trust
- The Columbia Bank
- The Evangeline Bank & Trust Co
- The First National Bank of Mount Dora
- The National Bank of Indianapolis
- Valliance Bank
- Wauchula State Bank
- West Central Bank
- Westmark Credit Union
Apple is committed to an international expansion of Apple Pay, having launched the mobile payments service in Australia and Canada in November in partnership with American Express. Apple Pay is also coming to Hong Kong, Singapore and Spain this year, and the service is rumored to launch in China by February.
Apple Pay gained support for BJ's Wholesale Club private label credit cards and 66 new U.S. issuers on December 15. On the merchant side, Cinnabon, Chili's, Domino's, KFC and Starbucks will support Apple Pay in the U.S. starting this year.
Top Rated Comments
How about getting more merchants to accept Apple Pay and to have Apple staff going around training clerks and store managers how to use the terminals?
How about making sure these terminals actually function?
Using Apple Pay should be easy. Now its 50/50 that it will go off without a hitch even at locations that accept Apple Pay.
How about universal acceptance at a store?
For example, Best Buy accepts Apple Pay....but not ALL Best Buys accept Apple Pay. Same with Target. That's ridiculous and should be corrected before nonsense like "Bill's Bank of East Hanover NJ is now an Apple Pay issuer."
Offer merchants 10 cents per $100 for Apple Pay transactions, I'm sure the retailers would be all over Apple Pay then. A retailer that conducts $30,000 per day in Apple Pay transactions would pad their profits by $30. Retailers are so cheap these days, that they won't balk at a $30 profit per day, per store.
The Australian and Canadian banks would also be on board.
2015 was supposed to be, "the year of Apple Pay." Turns out it wasn't.
My second rant on this Apple Pay subject-- where are the new merchants?
One would think you'd see, "Apple adds 20 new banks and 10 new merchants to partner with Apple Pay."
Nah, we haven't had any new merchants since August sign up for Apple Pay (Rite Aid, and technically they aren't even a partner).
The list should look more like this every month or so:
(Small Business A)
(Small Business B)
(Small Business C)
Seriously... I'm going to be dead before the U.S fully adopts chip and contactless NFC payments, and only 24 years old.
I am now vocal when I go into a store that doesn't offer it, or has the terminals but does not have them activated. I have begun letting merchants know that if they don't make Apple Pay available to me they will lose my business. Period. I am tired of their lax security practices putting my financial health and privacy in jeopardy. I wrote Petsmart an email recently to tell them that the fact that they have had NFC readers in their stores for over a year, and still don't have them operation has caused me to start using Petco.
I also let merchants know that they are wasting my time making me sign a credit card slip when I use Apple Pay in their store.
I know that some on these forums will state that it's silly to get up in arms about this, but I don't agree. This is not just a cool tech geeky/convenience issue. It's a security issue, and I take that seriously. Also, not telling a merchant you're not happy with them is the same as telling them everything is okay like it is.
To give you an idea, here are the hands a transaction passes through with a normal processor. First, you swipe the card in a terminal. Chips and NFC tokens are effectively the same as a swipe for this purpose. The terminal at the store takes it and hands it to the terminal vendor. The terminal vendor takes it and hands it to the store's selected processor. The processor hands it to the card brand (Visa, Mastercard, AmEx, &c.). The card brand hands it to the issuer. The issuer hands it to the backing bank. All of these parties get your card data, and they can all be different people. It's an enormous string of middlemen.
None of the banks handle settlement in the same way. Each issuer talks to their set of backing banks and presents one unified interface to the card brands, but each issuer's interface is different. The card brands all talk to their issuers using whatever the issuer wants, then they each present a completely different protocol to the processors. The processors talk to all of the card brands, but they all have a different interface for the terminal vendors. There are huge numbers of deals and contracts involved. The EMV rollout in the United States is going far, far faster than I expected.
As an aside, the security issues in EMV are nightmarish. The chips can be cloned. Chips on stolen cards can be locked open in a way that causes most terminals not to check if the card has been stolen. After working for a credit card company and seeing how little people actually care about keeping cardholder data private, I've switched to using cash for everything I can.